Malaysia’s 2023 budget focuses on economic recovery  ASEAN

Malaysia’s 2023 budget focuses on economic recovery

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 economy on solid track: minister World

Malaysian economy on solid track: minister

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.
Border reopening helps Malaysia boost economic development  World

Border reopening helps Malaysia boost economic development

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 attracts record approved investments in 2021 World

Malaysia attracts record approved investments in 2021

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).
Malaysian economy forecast to grow at slower pace in 2022  World

Malaysian economy forecast to grow at slower pace in 2022

Malaysia’s economy is likely to expand at a slower rate this year as the country gradually recovers from the policies and measures implemented during the lockdowns, said Prof. Geoffrey Williams from the Malaysia University of Science and Technology (MUST).
Malaysia reduces interest rates to record low World

Malaysia reduces interest rates to record low

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.
Malaysian economy capable of positive growth in 2020 World

Malaysian economy capable of positive growth in 2020

The Malaysian Islamic Party’s Central Committee on Economic, Real Estate and Entrepreneur Development has predicted that the country’s GDP growth rate can reach 2.5-3 percent in 2020 despite the COVID-19 outbreak.