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FOREIGN DIRECT INVESTMENTS HITS RM49 BILLION IN FIRST NINE MONTHS Malaysia’s foreign direct investments increased to RM49 billion in the first nine months of 2018 compared with the corresponding period in 2017 at RM14 billion. This was attributable to the fact that certain countries internationally, have renewed their confidence towards the standing of Malaysia and…

OCTOBER 2018 CPI UP 0.6% Y-O-Y According to the Department of Statistics Malaysia, the consumer price index (CPI) increased 0.6% in October 2018 to 120.7, compared with 120 in October 2017. The increase in the overall index was due to higher prices for housing, water, electricity, gas and other fuels (2.1%), food and non-alcoholic beverages…

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,…

MIER LOWERS 2018 GDP GROWTH FORECAST Having previously projected the economy to grow at 5.5% for 2018, the Malaysian Institute of Economic Research (MIER) has reduced its forecast to 4.7% due to the subdued economic growth in 1H18. A passive 2H18 is anticipated while accounting for the slowdown experienced in exports, industrial production, private consumption…

CURRENT ACCOUNT SURPLUS TO REMAIN The Malaysian Government expects Malaysia’s current account to remain at a surplus in 2018 and will not suffer from a twin deficit. The government is focused on smarter spending, while adopting a wider application of the open tender concept for government procurements and projects. The government’s current efforts of fiscal…

  PRODUCER PRICE INDEX DECREASED 0.3% IN AUGUST 2018 The Department of Statistics Malaysia has noted that the Producer Price Index (PPI) for local production slipped 0.3% year-on-year in August 2018 compared with 0.7% recorded in July 2018. The sectors which decreased during this period were agriculture, forestry and fishing (-13.2%), manufacturing (-1.7%) and water…

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