Macroeconomic stability will drive Malaysia’s economic growth this year with Gross Domestic Product (GDP) growth of between 4.4 per cent and 4.9 per cent easily achievable, said IQI Global chief economist Shan Saeed. The country he said, will continue to be on the global investors’ radar due to its solid economic position and importance in …
MIDA approves RM3.1b EU manufacturing projects
The Malaysian Investment Development Authority (MIDA) has approved projects with the European Union (EU)’s participation worth RM3.1 billion between January and September 2019. In a statement, the authority said it had approved a total of 34 manufacturing projects with EU participation, and that these projects are expected to create 2,782 job opportunities. As of September …
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Malaysia achieves 2019 fiscal deficit target of 3.4%
The government has achieved its fiscal deficit target for 2019 of 3.4% of gross domestic product (GDP), says Finance Minister Lim Guan Eng. “We reached the target 100%, we achieved a fiscal deficit of 3.4% of GDP. We definitely achieved it, ” he said. Lim was speaking to reporters after the Kuala Lumpur Customs Department’s …
Foreign flows into Malaysian bond market at 6-year high
Foreign portfolio flows returned to a six-year high inflow of RM8.8bil in 2019 which was in stark contrast with an outflow of RM33.6bil in 2018, according to UOB Global Economics & Markets Research. It said yesterday strong foreign purchases of Malaysian debt securities (2019: +RM19.9bil; 2018: -RM21.9bil) was the sole contributor to overall foreign portfolio …
