My Sinchew/ News

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.


Economy to grow 5 - 5.5% next year

The Malaysian economy is projected to continue its strong growth momentum with real gross domestic product (GDP) expanding between 5.0 per cent and 5.5 per cent in 2018, mainly driven by resilient domestic demand and favourable external factors.


DFTZ to help SMEs double exports by 2025

The establishment of the Digital Free Trade Zone (DFTZ) is expected to create 60,000 jobs and double exports of Small and Medium Enterprises (SMEs) to RM162.9 billion by 2025, according to a Finance Ministry report.


Empowering the economy, serving the rakyat: Naijb

The government will continue to strive in empowering the economy despite policy uncertainties in major advance economies, rising protectionism and geopolitical tension while serve the rakyat to the best of its ability.


e-Wallet boost for e-commerce

The emergence of the electronic wallet (e-wallet) contributes to the further development of e-commerce and enhances the retail payment system by offering a fast, easy and secured payment process, according to the Ministry of Finance.


Australia government in turmoil after dual citizenship ruling

The Australian government was thrown into turmoil Friday after losing its one-seat majority with the nation's deputy prime minister kicked out of parliament over his dual citizenship.


Fiscal deficit to narrow to 2.8% of GDP

Prime minister cum finance minister Datuk Seri Najib Tun Razak will table Budget 2018 at Dewan Rakyat at 3.30p.m. this afternoon.


 

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