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SEVERE IMPACT ON GROWTH UNLIKELY Malaysia’s economic growth will not be severely hampered by “lower” global oil prices. Mineral exports represent 8.8% of total national exports, whereas investments within the mining sector account for 13.8% of total investment in the country. Non-commodity sectors represent more than an 18% contribution to the country’s economy, while mining…

KEDAH TABLES 2019 BUDGET WITH PROJECTED RM57.78 MILLION DEFICIT The Kedah government has tabled the state’s 2019 Budget, with a projected deficit of 8.14% compared with 10.19% in 2018. The projected deficit stood at RM57.78 million, while the operating expenditure for 2019 reduced by 10.61% from 2018. The operating expenditure is RM768 million and of…

BUDGET 2019 HIGHLIGHTS The Budget 2019 was introduced with the underlying theme, “A Resurgent Malaysia, A Dynamic Economy, A Prosperous Society”. It focuses on institutional reforms, the socio-economic wellbeing of Malaysians and the promotion of an entrepreneurial culture in recapturing Malaysia’s “Economic Tiger” status. In general, Budget 2019 was an expansionary budget, and one which…

BUDGET 2019 TO PLACE MALAYSIA ON STRONGER FOOTING According to the Malaysian Prime Minister, the upcoming Budget 2019, to be tabled on Friday November 2, 2018, will be designed to place Malaysia “on a stronger footing”. This will ensure the prosperity of the rakyat and generations to come. The Government’s policies will always be business…

GOVERNMENT ACHIEVES RM3.25 BILLION SURPLUS WITHIN FOUR MONTHS The government has achieved a RM3.25 billion surplus in its current account by implementing “sound and prudent” financial management practices, according to the Malaysian Finance Ministry. This was achieved over the four-month period from May to August 2018 after Pakatan Harapan (PH) took over the federal government,…

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