PETALING JAYA: Malaysia’s total debts amounted to RM1.087 trillion, or 80.3% of gross domestic product (GDP), at the end of last year after official debt, contingent liabilities and lease payments for public-private partnerships were tabulated together. In explaining the breakdown of the country’s liabilities, the Finance Ministry said official debt amounted to RM686.8bil (50.8% of […]
Read MoreKUALA LUMPUR: Malaysia’s Consumer Price Index (CPI), which measures headline inflation, increased by 1.4% in April 2018 compared with the corresponding month last year. In a statement, the Department of Statistics (DoS) said the major groups which recorded increases were the indices for food and non-alcoholic beverages (2.6%), restaurants and hotels (2.2%), health (2.1%), housing, […]
Read MorePETALING JAYA: The Government has embarked on a cost-cutting spree following its latest move to disband several agencies and cut the salaries of ministers by 10%. Apart from these measures, the new administration will also review the country’s mega-projects, with the possibility of them being scrapped. Experts have hailed the move intended to reform the […]
Read MorePETALING JAYA: The audacious move by the Pakatan Harapan government to abolish the goods and services tax (GST) may not necessarily derail Malaysia from its fiscal deficit target, as feared by many economic pundits. While credit rating agency Moody’s described the removal of the consumption tax regime as “credit negative”, several economists expect Malaysia to […]
Read More[KUALA LUMPUR] Malaysia’s consumer price index in April rose 1.4 per cent from a year earlier, slightly below expectations, as steady fuel prices offset higher food costs, government data showed on Wednesday. April’s annual inflation rate was slightly higher than the 1.3 per cent recorded in March, the slowest pace in nearly two years, but […]
Read MoreKUALA LUMPUR: RAM Rating Services Bhd expects Malaysia’s headline inflation to increase slightly to 1.5% in April against 1.3% in March, mainly attributed to a reduction in the negative growth contribution of retail fuel. The rating agency said the average price of RON95 fuel fell only 0.3% year-on-year (y-o-y) in April, compared with a 4.4% […]
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