Budget 2024 likely to advance subsidy rationalisation: Fitch Ratings
KUALA LUMPUR: Fitch Ratings believes that the government would advance subsidy rationalisation, likely to initially focus on electricity and diesel subsidies in the Budget 2024 to be tabled in Parliament on Oct 13, following the status quo results seen in the recent state elections. The state elections held on Aug 12 saw the coalition between […]
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 […]
Economists offer mixed views on Fitch’s revision of Malaysia’s rating
KUALA LUMPUR: Economists have given mixed views on Fitch Ratings’ latest revision of Malaysia’s sovereign rating, with some saying it is on expected lines while others expressing their disappointment. As the global economy and markets enter a vortex of weak data, poor earnings and rising bankruptcies, the assessment puts further stress on an economy that […]
Relief packages to mitigate Covid-19 impact to Islamic finance
KUALA LUMPUR: Relief packages introduced by banks and the government are set to help soften the Covid-19’s near-term effects to the Islamic banking, according to Fitch Ratings. The credit rating agency in its latest report, “Malaysia Islamic Banks Dashboard 2020” said, the Covid-19 outbreak poses some downside risk to growth and asset quality of the banking sector, including […]
