My Sinchew/ Biz

Malaysia towards cashless society: BNM

To embrace the digital economy, Bank Negara Malaysia (BNM) has taken various steps to enhance the e-payment platform, hence moving the country towards a cashless society.


Wealth inequality a threat to East Asia

A rapidly growing gap between rich and poor in many developing East Asian nations is threatening the foundation for the region's economic success, the World Bank said Monday.


Property and oil prices

The government must monitor the real estate market to make sure the demand-supply equation will not become off balance and that houses are within public affordability.


Supply imbalance

As luxury condominiums and office spaces are in a glut, there is an obvious short supply of affordable homes for average Malaysians.


Q3 external debt edges lower to RM873.8bn

The country's external debt edged lower to RM873.8bn (US$204.7bn) or 65% GDP as at end-September, from RM877.5bn as at end-June.


Q3 GDP expands 6.2%

Malaysia's economy grew at a faster pace of 6.2% during the third quarter this year, compared to 4.3% in the same quarter last year.


Malaysia to benefit from China's Belt and Road initiative

As an open economy and ranked the top 25 exporting nations in the world, Malaysia stands to reap the benefits from China's Belt and Road Initiative (BRI), as it provides tremendous opportunities to access new market, diversify local products and services and attract foreign direct investment.


RM280.25bn allocated for Budget 2018

In the interest and prosperity of the rakyat, Prime Minister Datuk Seri Najib Tun Razak said the 2018 Budget will have a higher allocation of RM280.25 billion compared with RM260.8 billion in the 2017 Budget.


Govt expenditure to rise to RM265.9bn this year

Federal government expenditure in 2017 is expected to increase 5.4 per cent to RM265.9 billion, but its share to the Gross Domestic Product (GDP), is estimated to decline to 19.8 per cent, said the Ministry of Finance (MOF).


Outstanding external debt fell to RM877.5bn as at end-June

Malaysia's outstanding external debt decreased to RM877.5 billion, or 65.2 per cent of gross domestic product (GDP) as at end-June this year compared with RM916.1 billion, or 74.5 per cent, at end-2016.


 

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