Budget 2023 signals quicker fiscal consolidation
KUALA LUMPUR: Malaysia remains on track for fiscal consolidation in the post-pandemic era, with the shortfall in 2023 likely to narrow to 4.9 per cent from 5.3 per cent previously, said Fitch Solutions Country Risk and Industry Research (Fitch Solutions). In its outlook report for Malaysia published recently, Fitch Solutions said it has revised downward […]
Global palm oil market to record narrow deficit in 2022/2023
KUALA LUMPUR: The global palm oil market is expected to produce a narrow deficit of 100,000 tonnes in 2022 and 2023, the first annual net negative position since 2015/2016, due to an increase in the Indonesian biofuel blending mandate, according to Fitch Solutions. Nonetheless, Fitch Solutions Country Risk and Industry Research is maintaining its near-term […]
Fitch Solutions retains 4% GDP growth forecast
KUALA LUMPUR: Fitch Solutions Country Risk and Industry Research (Fitch Solutions) has reiterated its forecast for Malaysia’s real gross domestic product (GDP) growth to slow to 4.0 per cent in 2023 from 8.7 per cent last year. It said that following the lower year-on-year growth of 7.0 per cent in the fourth quarter of 2022 […]
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 […]
