Economic Outlook

The expansion aims to provide a more efficient and reliable public transportation network, reduce congestion, and improve accessibility.

The report said Budget 2025 will entail efforts to position Kuala Lumpur as a top 20 global startup hub by 2030 through the KL20 initiative.

Special Cabinet Committee on National governance is established to curb corruption, law reforms to modernise outdate regulations, MoF said.

Budget 2025 will continue prioritising upskilling and retraining initiatives to equip workers with the latest skill sets necessary.

Datuk Seri Abdul Rasheed said Malaysia's positive economic outlook and structural reforms are also propelling the ringgit's rise.

82 pct of chief economists expect the global economy to remain stable or strengthen this year almost twice as many as in late 2023.

According to the report, the move was aimed at increasing the income share to 45 pct of GDP so as to be at par with developed countries.

According to MoF, the conflict has made it more difficult to support economic growth while controlling price increment.

MoF said the Department of Statistics Malaysia projected 7.3 pct of the total population will reach the age of 65 and above by 2022.

The inflation rate is forecast at between 2.8 and 3.3 pct in 2023, the Ministry of Finance (MoF) said in its Economic Outlook 2023 report released today.

Supply chain disruptions, rising inflation as well as the conflict between Russia and Ukraine have raised concerns over the gloomy global economic outlook.

Malaysia is on the road to recovery in terms of headline economic numbers but Tengku Zafrul has warned of risks to the recovery amid an uncertain global economic outlook.

The agriculture sector is forecast to expand 3.9 per cent in 2022 even though the sector is projected to decline marginally by 0.8 per cent in 2021, mainly supported by the commodity segment.

The unemployment in the country rate is anticipated to fall and return to the full employment level at four per cent in 2022.

The inflation rate is forecast to record 2.1 per cent in 2022, following better economic prospects and stable crude oil prices.

Donald Trump says he would impose the tariffs until China stops the flow of illegal drugs, particularly fentanyl, into the United States.

Topping the demands of Khan's Pakistan Tehreek-e-Insaf (PTI) party is the release of all its leaders, including Khan, who has been jailed on a series of corruption charges since August 2023.

The report highlights that "60 per cent of all female homicides" are committed by "people closely related to them".

Two subsea cables, one linking Finland and Germany and the other connecting Sweden to Lithuania, were damaged in less than 24 hours.

It is clear that adding more lanes and highways doesn't work, because we are still attempting the same approach to solve the issue.

This investment includes efforts to upgrade INOKOM's existing assembly capacity to meet Hyundai's automotive needs.

'C4Cinta', directed by young filmmaker Karthik Shamalan, has set a new benchmark in Malaysian Tamil cinema.

The court denied bail and scheduled case mention on Feb 7 for the submission of forensic, autopsy, and chemist reports.

The classroom assessment approach offers a much more interesting learning ecosystem, says Fadhlina Sidek.

Google and Meta says the government should wait for the results of an age-verification trial before going ahead.