Fitch expects Malaysian govt debt limit to be raised to 70% of GDP by next election in 2023
KUALA LUMPUR (Nov 10): Fitch Solutions Country Risk and Industry Research is forecasting Malaysia’s 2022 fiscal deficit to come in at 6.
Property sector: Anticipated robust sales in 4Q21 with pent-up demand could lead to strong 2022 earnings recovery — UOB Research
KUALA LUMPUR (Nov 9): While developers’ property sales in the upcoming third quarter of 2021 (3Q21) financial reports could be weak amid the lockdown, UOB Research expects it to be more resilient this time versus 2Q20’s lockdown, thanks to ongoing digitalisation efforts (virtual marketing).
Co-creation: A holistic approach to property ownership
With home loan interest rates at record lows plus a slew of government initiatives and campaigns to help alleviate household financial burdens, the dream of owning a home now doesn’t seem that unattainable after all.
Ex-state executive councillor, two others ordered to enter defence in charge for receiving bribes from property developers
KUALA LUMPUR (Nov 7): The High Court in Johor Bahru on Sunday ordered ex-Johor executive council member Datuk Abd Latif Bandi, his son and a former real estate consultant to enter their defence against 37 corruption and money laundering charges involving more than RM30 million as the prosecution had proven a prima facie case against the accused, who were charged in 2017 for receiving bribes from property developers who requested for the change in bumiputra land status in Malaysia.
Malaysia headed for economic recovery, says DBS
KUALA LUMPUR (Nov 2): DBS Bank said Malaysia’s economy is starting to recover gradually from the Covid-19 crisis following a tumultuous 2020 and 2021, but is maintaining its growth forecasts of 4% for 2021 and 5% for 2022.
New Covid-19 infection wave the main concern — Malaysian Employers Federation
KUALA LUMPUR (Nov 2): Another wave of Covid-19 infections in Malaysia appears to be the main concern for employers in the country at a time when pandemic-driven movement restrictions are less stringent now to support the rejuvenation of the nation’s economy.
Budget 2022: Malaysia needs GST to weather turbulence ahead, say experts
KUALA LUMPUR (Nov 2): Panelists at the Malaysian Economic Association (MEA) 2022 Post-Budget Dialogue were mooting for the reinstatement of the Goods and Services Tax (GST) or the inclusion of a similar tax structure under the current tax regime in order to widen the government’s tax revenue base to prepare for turbulent times ahead.
Economic Report 2021/2022: Malaysian capital markets remain vibrant, gross funds raised increased 16.3% to RM163b as at July 2021
KUALA LUMPUR (Oct 29): Malaysia’s capital markets remained vibrant, with gross funds raised increasing by 13.
Economic Report 2021/2022: Government to consider consumption-based tax in order to reduce reliance on direct taxes
KUALA LUMPUR (Oct 29): The government is currently considering options to reduce the reliance on direct taxes and widen the revenue base by shifting to consumption-based tax under the Medium-Term Revenue Strategy (MTRS) framework.
Malaysian economy to grow faster at 5.5%-6.5% in 2022 vs 3%-4% in 2021
KUALA LUMPUR (Oct 29): The country's economic growth is expected to accelerate to 5.
