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Govt still has fiscal space to help rakyat, businesses

PUTRAJAYA: The government still has fiscal space, though limited, to fund economic stimulus packages to continue helping the people, Tan Sri Muhyiddin Yassin said. The prime minister said the country’s economic management, as certified by international rating agencies, was still in good shape. “Our trade value in May 2021 increased to RM170.9 billion, our trade […]

Fitch affirms Malaysia’s sovereign rating at BBB+, outlook stable

KUALA LUMPUR: Fitch Ratings has affirmed Malaysia’s long-term foreign currency issuer default rating (IDR) at “BBB+” with a stable outlook. In a note released today, Fitch said Malaysia’s economy is gradually recovering from a contraction of 5.6 percent in 2020 caused by the Covid-19 pandemic even though social distancing measures have been tightened over recent […]

Implications on age definition change

KUCHING: Changing the age definition of senior citizens from 60 to 65 years would have several implications, including a reduction in the nation’s fiscal deficit. Datuk Dr Madeline Berma, Fellow at Academy of Sciences Malaysia, explained that this would arise as there would be reduction in public spending for social security, health, and care of […]

Stimulus packages reduce widespread economic hardship

KUALA LUMPUR: The enormous and multiple stimulus packages rolled out not just by Malaysia but all over the world are considered appropriate and necessary to alleviate widespread economic hardship and to reduce longer-term damage to economies, say economists. Professor of Economics at Sunway University Business School Prof Dr Yeah Kim Leng said the health and […]

Malaysia’s fiscal deficit under control amid recession concerns

KUALA LUMPUR: Malaysia has been managing its economy quite well compared to its neighbouring countries, and has not let its fiscal deficit go out of control amidst recession concerns in the market, an academician said. Professor Richard Vietor from the Harvard Business School said being the third largest economy in Southeast Asia, Malaysia has performed well despite the slowdown in global economy. […]