High-quality corporate reporting plays an important role in the Malaysian economy, helping the country expand its economic pie, foster broader participation and increase the complexity of its economy.
The Malaysian economy is on the right track and will continue to grow, despite facing the risk of a recession in the US, Finance Minister II Amir Hamzah Azizan said on August 6.
Governor of the Bank Negara Malaysia (BNM) Abdul Rasheed Ghaffour has expressed belief that the Malaysian economy will expand by 4% this year and 4-5% next year, after reviewing the strong indicators of the economy.
RAM Rating Services Bhd (RAM Ratings) forecast that the Malaysian economy possibly faces formidable challenges in the remaining months of this year amidst soft global demand and other headwinds.
Malaysia's gross domestic product (GDP) grew by 2.9% year-on-year in the second quarter of this year, mostly thanks to improving labour market, continued increase in domestic demand and higher tourism activities, said Governor of the Bank Negara Malaysia Datuk Shaik Abdul Rasheed Abdul Ghaffour.
The Bank Islam Malaysia Bhd on February 9 stated that Malaysia’s gross domestic product (GDP) growth is projected to hit 8.4% in 2022 compared with 3.1% in 2021, marking the highest among ASEAN countries.
The Malaysian economy is anticipated to start moderating due to impact of global economic instability in the first months of 2023, the country’s Department of Statistics (DOSM) said on December 29.
Malaysia's economic growth is the fastest among six ASEAN countries in the third quarter (Q3) and also in the first nine months of this year, an official has said.
Malaysian Finance Minister Tengku Abdul Aziz on October 7 submitted the draft State budget 2023 to the legislature, which allocates 372.3 billion RM (81 billion USD) to the economy, up from 332 billion RM in 2022 and 322 billion RM in 2021.
Malaysian Minister in the Prime Minister’s Department of Economy Mustapa Mohamed affirmed the Malaysian economy is on a solid track, supported by resilient economic foundations, pragmatic policies and diversified economic structures.
MIDF Research has revised its retail trade growth forecast for Malaysia this year to 17.6%, up from the previous prediction of 10.5%, on the expectation of stronger GDP growth in the second quarter.
The transition to the endemic phase and the reopening of borders have clearly provided a positive impact on the Malaysian economy compared to the pandemic phase two years ago, the Malaysian National News Agency (Bernama) reported, quoting Minister in the Prime Minister's Department for Economic Affairs of Malaysia Mustapa Mohamed.
Malaysia attracted a record amount of approved investments worth 306.5 billion RM (73.23 billion USD) in the manufacturing, services and primary sectors in 2021, driven by higher foreign direct investment (FDI) and increased projects in the manufacturing and the electrical and electronics sectors, according to the Malaysian Investment Development Authority (MIDA).
Bank Negara Malaysia (BNM) on February 4 forecast that the Malaysian economy will expand between 5.5 percent and 6.5 percent this year, underpinned by continued expansion in global demand and higher expenditure in private sector.
The Malaysian economy is forecast to expand by 5.8 percent in 2022, as domestic and external demand recovers, the World Bank (WB) said in a report on December 21.
The Malaysian government has allowed traders to hold unlimited cheap sales in a bid to fuel consumer spending, thereby boosting the country's economy amid the COVID-19 pandemic.
Malaysia's central bank on July 7 reduced its interest rates to a record low to fight the impact of the COVID-19 pandemic, and warned that the pace of economic recovery was uncertain.
The Malaysian government on November 2 submitted to the legislature the 2019 Budget, which is expected to help restore the Malaysian economy as an Asian Tiger, according to the New Straits Times.
