+603-21612522        

IN THE NEWS

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…

TRADE EXPECTED TO EXCEED 2017’S RECORD OF RM1.8 TRILLION The Ministry of International Trade and Industry optimistically expects that Malaysia’s total trade for 2018 will surpass last year’s performance of RM1.77 trillion. The ministry expects a growth of between 6% and 7%, due to investors’ confidence in the economy and added transparency delivered by the…

ECONOMIC GROWTH SLOWDOWN Malaysia’s economic growth has remained steady in 2018, despite rising trade tensions, turmoil in emerging markets and ongoing local political shifts. While Gross Domestic Product for 1Q18 and 2Q18 fell under par at 5.4% and 4.5% respectively, improved labour market conditions and low levels of inflation have boosted consumer optimism to a…

MITI AIMS TO ATTRACT THAI INVESTORS The Ministry of International Trade and Industry (MITI) is engaging with Thai prominent business figures in bids of enticing them to invest in Malaysia. Thailand is Malaysia’s fifth largest trading partner globally and second largest in Asean. Bilateral trade has increased by 25% over the last decade, from US$18.31…

  SST LIST WILL BE ADJUSTED BY YEAR END According to the Finance Ministry, the list of items affected by the Sales and Services Tax (SST) will be reviewed, and changes will be made by the end of 2018. (NST & The Edge Financial, 02/09/2018)   BNM SEEN HOLDING KEY RATE Bank Negara Malaysia (BNM)…

HEADLINE INFLATION EXPECTED TO DECLINE TO 2.0% In 2018, Malaysia’s headline inflation is projected to decrease to 2.0% despite the reintroduction of the Sales and Services Tax (SST) on September 1, 2018. Back in 2017, the country’s headline inflation was 3.7%. However, the inflationary outcome in 2018 will be largely dependent on the extent of…

RICS

All rights reserved (C) 2016

Jones Lang Wootton