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World Bank upgrades Malaysia’s GDP growth forecast to 4.9 pct in 2024

World Bank upgrades Malaysia’s GDP growth forecast to 4.9 pct in 2024

Apurva Sanghi says both domestic and external factors back the upgraded growth forecast as the global economy is doing much better.
Tue Oct 08 2024
Inflation, economic growth forecasts not affected by targeted subsidy implementation - MoF

Inflation, economic growth forecasts not affected by targeted subsidy implementation - MoF

According to MoF, the official 2024 forecasts for inflation and GDP growth remain at 2.0-3.5 per cent and 4.0-5.0 per cent, respectively.
Wed Jul 31 2024
Gov't striving to reduce fiscal deficit rate to 4.3 per cent this year - Fahmi

Gov't striving to reduce fiscal deficit rate to 4.3 per cent this year - Fahmi

Fahmi Fadzil said Malaysia recorded a three per cent GDP growth in the fourth quarter of 2023, despite facing challenges.
Mon Feb 19 2024
Strategic DDI can attract more FDI, drive economic growth - PM

Strategic DDI can attract more FDI, drive economic growth - PM

Having a more strategic domestic industry ecosystem is crucial for generating more sustainable GDP growth, said Datuk Seri Anwar Ibrahim.
Tue Aug 22 2023
Malaysia on track for 4-5 per cent GDP growth this year, BNM not revising target

Malaysia on track for 4-5 per cent GDP growth this year, BNM not revising target

Bank Negara Malaysia Governor Tan Sri Nor Shamsiah Mohd Yunus said the growth would be anchored by firm domestic demand amid a challenging global environment.
Fri May 12 2023
Strong 8.7 pct GDP growth for 2022 shows restored confidence in national economy

Strong 8.7 pct GDP growth for 2022 shows restored confidence in national economy

The strong GDP growth of 8.7 ct for 2022 shows the recovery of consumer, business and investor confidence in the national economy, said Prime Minister Datuk Seri Anwar Ibrahim.
Fri Feb 10 2023
Malaysia records 8.7 pct GDP growth in 2022, highest in over two decades

Malaysia records 8.7 pct GDP growth in 2022, highest in over two decades

Malaysia's economic growth rose to a 22-year record high of 8.7 pct in 2022 against 3.1 per cent in the previous year, contributed by positive growth in all sectors.
Fri Feb 10 2023
Malaysia's 2022 GDP set to post highest growth in ASEAN - Research firms

Malaysia's 2022 GDP set to post highest growth in ASEAN - Research firms

Additionally, the GDP growth for the fourth quarter of 2022 (4Q 2022) is expected to reach 5.7 per cent.
Thu Feb 09 2023
Malaysia's 2022 GDP growth likely to surpass earlier forecast of 6.5-7.0 pct - Anwar

Malaysia's 2022 GDP growth likely to surpass earlier forecast of 6.5-7.0 pct - Anwar

Malaysia's GDP growth for this year is very likely to exceed the earlier projection of between 6.5 and 7.0 pct, according to Prime Minister Datuk Seri Anwar Ibrahim.
Tue Dec 20 2022
[COLUMNIST] Symptoms of recession or possibly stagflation?

[COLUMNIST] Symptoms of recession or possibly stagflation?

It's still way too early to tell whether M'sia remains consistently on a positive economic trajectory for Q3 & Q4 2022 as well as next year.
Tue Sep 06 2022
Stellar 8.9 pct growth in Q2 GDP suggests equally strong Q3 - Tengku Zafrul

Stellar 8.9 pct growth in Q2 GDP suggests equally strong Q3 - Tengku Zafrul

The stellar GDP growth of 8.9 pct in Q2 2022, which brought GDP growth in H1 2022 to 6.9 pct, suggests an equally strong Q3 growth.
Fri Aug 12 2022
Malaysia on track to achieve GDP growth of 5.3 to 6.3 pct,  but Finance Minister warns of risks to recovery

Malaysia on track to achieve GDP growth of 5.3 to 6.3 pct, but Finance Minister warns of risks to recovery

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.
Sat Aug 06 2022
Economy set to strengthen in Q2, Budget 2023 to further boost resiliency - Tengku Zafrul

Economy set to strengthen in Q2, Budget 2023 to further boost resiliency - Tengku Zafrul

The country's economy is expected to continue to strengthen in Q2 of this year following the encouraging GDP growth of five per cent in the first quarter.
Sat Jul 09 2022
Malaysian economy on a stronger footing in Q1 2022  - Mustapa

Malaysian economy on a stronger footing in Q1 2022 - Mustapa

The Malaysian economy returned to a stronger footing in Q1 2022 with a GDP growth of 5.0 pct, exceeding the expectations of most economic analysts.
Fri May 13 2022
Malaysia records 5 pct GDP growth in Q1 2022 - BNM

Malaysia records 5 pct GDP growth in Q1 2022 - BNM

Malaysia's economy has rebounded in the first quarter of 2022, registering a five pct growth versus a contraction of 0.5 pct in Q1 2021.
Fri May 13 2022
ISIS Malaysia's perspective of Budget 2025

ISIS Malaysia's perspective of Budget 2025

An excellent rakyat-centric budget under the overarching principle of a caring and humane economy.
Fri Oct 18 2024
Budget 2025: Record increase in STR, SARA aid initiatives

Budget 2025: Record increase in STR, SARA aid initiatives

The government will provide a significant boost to the Sumbangan Tunai Rahmah (STR) and Sumbangan Asas Rahmah (SARA) initiatives next year.
Fri Oct 18 2024
Budget 2025: EPF contributions to be made mandatory for foreign workers – PM Anwar

Budget 2025: EPF contributions to be made mandatory for foreign workers – PM Anwar

The government plans to make it compulsory for all non-citizen workers to contribute to the Employees Provident Fund (EPF).
Fri Oct 18 2024
What policies to expect from Indonesia's new President Prabowo

What policies to expect from Indonesia's new President Prabowo

Prabowo will be open to foreign investment, his aide has said, such as by offering investors management of airports and sea ports.
Fri Oct 18 2024
Budget 2025: Govt allocates RM470 mil to empower women's participation in PMKS

Budget 2025: Govt allocates RM470 mil to empower women's participation in PMKS

The Women's Leadership Apprenticeship Program will be intensified as an effort to produce more female corporate personalities.
Fri Oct 18 2024
Israel sends more troops into north Gaza, deepens raid

Israel sends more troops into north Gaza, deepens raid

Residents of Jabalia in northern Gaza said Israeli tanks had reached the heart of the camp, using heavy air and ground fire.
Fri Oct 18 2024
Indonesia ramps up security ahead of Prabowo's inauguration

Indonesia ramps up security ahead of Prabowo's inauguration

Prabowo Subianto will be sworn in as Indonesia's president on Sunday with Vice President-elect, Gibran Rakabuming Raka, also taking office.
Fri Oct 18 2024
Immediate allocation of RM150 mil for local authorities, DID to tackle flash floods

Immediate allocation of RM150 mil for local authorities, DID to tackle flash floods

Datuk Seri Anwar Ibrahim said this allocation is intended to address the recent flash floods that hit the capital and several major towns.
Fri Oct 18 2024
Budget 2025: Sabah, Sarawak to continue receiving among highest allocations - PM

Budget 2025: Sabah, Sarawak to continue receiving among highest allocations - PM

Sabah and Sarawak continues to be prioritised under Budget 2025, with allocations of RM6.7 billion and RM5.9 billion respectively.
Fri Oct 18 2024
NFOF will be operational in November 2024 with funding of RM1 bil

NFOF will be operational in November 2024 with funding of RM1 bil

PM Anwar Ibrahim said NFOF will support venture capital fund managers to invest in startup companies with RM300 million set aside for 2025.
Fri Oct 18 2024