13d ago
KUALA LUMPUR, Oct 9 (Bernama) -- The fiscal deficit is projected to narrow to 3.3 per cent of gross domestic product (GDP) in 2027, in line with the medium-term consolidation under the Public Finance and Fiscal Responsibility Act 2023 (Act 850), the Ministry of Finance (MoF) said.
13d ago
KUALA LUMPUR, Oct 9 (Bernama) – A more systematic approach is required to identify critical inputs, monitor concentrated supply risks and coordinate early intervention in mitigating adverse impact resulting from geopolitical uncertainties, according to the Ministry of Finance (MoF).
13d ago
KUALA LUMPUR, Oct 9 (Bernama) -- Malaysia's financial market is expected to remain resilient and supportive of economic activity, with the continuous role played by the banking system and capital market in meeting financing needs.
13d ago
By Sharifah Hunaini Syed Ismail, Niam Seet Wei and S.Kisho Kumari
KUALA LUMPUR, Oct 9 (Bernama) -- Malaysia’s Budget 2027, totalling RM459.8 billion, aims to turn resilient economic growth into real gains for the people with better wages, smarter targeted support, stronger fiscal discipline and a bold push towards higher-value industries.
13d ago
KUALA LUMPUR, Oct 9 (Bernama) -- The MADANI government has worked to rebuild Malaysia's fiscal resilience by bringing down the fiscal deficit from 6.4 per cent of gross domestic product (GDP) in 2021 to 3.6 per cent in 2026, with a further reduction to 3.3 per cent expected through gradual and measured fiscal consolidation.
13d ago
By Kisho Kumari Sucedaram and Norsyafawati Ab Wahab
KUALA LUMPUR, Oct 9 (Bernama) -- Malaysia's economy is projected to expand by a commendable 4.2-5.2 per cent in 2027, from 4.8-5.3 per cent this year, supported by sustained domestic demand, favourable labour market conditions, continued income growth and firm investment activity, according to the Ministry of Finance (MoF) today.
14d ago
By Engku Shariful Azni Engku Ab Latif
KUALA LUMPUR, Oct 8 (Bernama) -- The ringgit closed higher on Thursday against most ASEAN currencies, but lower against the US dollar amid a renewed surge in oil prices and escalating geopolitical tensions in West Asia, an analyst said.
14d ago
By Engku Shariful Azni Engku Ab Latif
KUALA LUMPUR, Oct 8 (Bernama) -- The ringgit closed higher on Thursday against most ASEAN currencies, but lower against the US dollar amid a renewed surge in oil prices and escalating geopolitical tensions in West Asia, an analyst said.
14d ago
KUALA LUMPUR, Oct 8 (Bernama) -- Bursa Malaysia ended lower today, remaining under selling pressure ahead of Budget 2027 announcement tomorrow, as a renewed surge in oil prices and escalating geopolitical tensions in West Asia further dampened risk sentiment.
14d ago
By Muhammad Fawwaz Thaqif Nor Afandi
KUALA LUMPUR, Oct 8 (Bernama) -- The Kuala Lumpur rubber market ended mixed on Thursday, despite firmer regional rubber futures following the reopening of the Chinese market after the National Day holidays.
14d ago
KUALA LUMPUR, Oct 8 (Bernama) -- Malaysia’s economic growth is expected to face external risks in 2027, particularly geopolitical uncertainties, US trade protectionism, and high interest rates in advanced economies, an economist said.
14d ago
KUALA LUMPUR, Oct 8 (Bernama) -- Malaysia’s economic growth is expected to face external risks in 2027, particularly geopolitical uncertainty, the United States (US) trade protectionism policy, and high interest rates in developed nations, an economist said.