Fitch expects Malaysian govt debt limit to be raised to 70% of GDP by next election in 2023
KUALA LUMPUR (Nov 10): Fitch Solutions Country Risk and Industry Research is forecasting Malaysia’s 2022 fiscal deficit to come in at 6.
Sri Ram: 1MDB finances were run like a 'coffee shop'
KUALA LUMPUR (Nov 9): The financial situation of 1Malaysia Development Bhd (1MDB) was likened to a “coffee shop” by prosecutor Datuk Seri Gopal Sri Ram at the 1MDB-Tanore trial on Tuesday.
Malaysia-Singapore vaccinated travel lane to be launched on Nov 29
KUALA LUMPUR (Nov 8): Malaysia and Singapore will launch a vaccinated travel lane (VTL) between the Kuala Lumpur International Airport (KLIA) and Changi Airport on Nov 29, according to a joint press statement by the leaders of the two countries.
Genting Skyworlds theme park starts technical rehearsals; analysts expect it to be opened by next month
KUALA LUMPUR (Nov 8): Genting Malaysia Bhd (GENM)’s outdoor theme park Genting Skyworlds is one step closer to opening its doors to the public as it starts conducting technical rehearsals.
Fitch Solutions expects Bank Negara to hike OPR by 50bps in 2022 to rebuild policy buffers
KUALA LUMPUR (Nov 4): Fitch Solutions, the research unit of Fitch Group, is expecting Bank Negara Malaysia to raise the overnight policy rate (OPR) by 50 basis points (bps) to 2.
Malaysia headed for economic recovery, says DBS
KUALA LUMPUR (Nov 2): DBS Bank said Malaysia’s economy is starting to recover gradually from the Covid-19 crisis following a tumultuous 2020 and 2021, but is maintaining its growth forecasts of 4% for 2021 and 5% for 2022.
As critical climate talks begin, company boards told to act swiftly
KUALA LUMPUR (Nov 2): A global network of board directors has made a call for company boards worldwide to act on the climate emergency as the leaders of all nations gather in Glasgow for pivotal climate negotiations.
New Covid-19 infection wave the main concern — Malaysian Employers Federation
KUALA LUMPUR (Nov 2): Another wave of Covid-19 infections in Malaysia appears to be the main concern for employers in the country at a time when pandemic-driven movement restrictions are less stringent now to support the rejuvenation of the nation’s economy.
MATTA announces return of MATTA Fair, to be held on Nov 20-21
KUALA LUMPUR (Nov 2): The Malaysian Association of Tour and Travel Agents (MATTA) has announced that MATTA Fair — Malaysia’s largest consumers’ travel fair — is back on Nov 20 to 21, 2021 at the World Trade Centre (formerly known as PWTC) Kuala Lumpur.
Budget 2022: Malaysia needs GST to weather turbulence ahead, say experts
KUALA LUMPUR (Nov 2): Panelists at the Malaysian Economic Association (MEA) 2022 Post-Budget Dialogue were mooting for the reinstatement of the Goods and Services Tax (GST) or the inclusion of a similar tax structure under the current tax regime in order to widen the government’s tax revenue base to prepare for turbulent times ahead.
