System promises to enhance people’s purchasing power, foster GDP growth
KUCHING: The acceleration of a fair wage system for public officials, which was postponed last year owing to financial restrictions and significant inherited debt, was recently announced by Prime Minister Datuk Seri Anwar Ibrahim. “The national debt and deficit were reduced to about 5 per cent through the combined efforts of leaders, the Cabinet, the […]
Premier likens Serian to smaller New Zealand
KUCHING: Premier Datuk Patinggi Tan Sri Abang Johari Tun Openg has likened Serian to a smaller version of New Zealand, with aims to achieve RM1.4 billion in gross domestic product (GDP) by 2030. In stating this, he said that with the growing population in the Serian division, the goal of doing so is certainly a possible […]
Malaysia ranks first among 10 safest places to retire in Asia for less than US$2,000 a month
KUALA LUMPUR: Malaysia is regarded as an excellent place for retirement as it has been ranked first in a list of 10 safest places to retire in Asia for less than US$2,000 a month of expenditure, according to US-based financial services corporation Nasdaq. Nasdaq, in an article in its GoBankingRates section recently, said to find […]
Ringgit more sensitive to commodity price movement than Asian peers, says expert
By Karina Imran KUALA LUMPUR: The ringgit is far more sensitive to the movement of commodity prices than its Asian peers, said Employees Provident Fund chief strategy officer Nurhisham Hussein. In an interview with Bernama recently, he shared his views regarding the weakness of the ringgit and equities market. Right off the bat, Nurhisham opined […]
Malaysia’s states show encouraging economic performance in 2022
KUCHING: Despite global economic uncertainty, geopolitical conflicts and disruptions in food supply chains, all states in Malaysia demonstrated promising economic performance in 2022, according to the Gross Domestic Product (GDP) report released by the Department of Statistics Malaysia (DOSM) on Tuesday (June 27). The report revealed positive growth across all sectors, positioning Malaysia on a […]
Radzi: Aim for higher revenue collection, reduce national expenditure
KUALA LUMPUR: The government is proposed to use approaches such as increasing the gross domestic product (GDP) growth rate by making the national economy more vibrant in order to achieve the target of reducing the fiscal deficit to 3.2 per cent of GDP in 2025. Putrajaya Member of Parliament Datuk Mohd Radzi Md Jidin […]
2022 GDP set to post highest growth
KUALA LUMPUR: Malaysia’s gross domestic product (GDP) is projected to hit 8.4 per cent in 2022 compared with 3.1 per cent in 2021, marking the highest growth among the ASEAN countries, said Bank Islam Malaysia Bhd. Additionally, the GDP growth for the fourth quarter of 2022 (4Q 2022) is expected to reach 5.7 per cent. […]
M’sia records highest GDP growth in two decades
KUALA LUMPUR: Malaysia’s economic performance rose to a 22-year record high of 8.7 per cent in 2022 against 3.1 per cent in the previous year, according to the Department of Statistics Malaysia (DoSM). In a separate statement, Bank Negara Malaysia (BNM) said the nation’s gross domestic product (GDP) expanded by seven per cent in the […]
Challenges facing the construction industry
Foreign workers are crucial, not only to fill the dirty, dangerous and difficult (3D) jobs at most of the construction sites, but their contributions actually help to achieve gross domestic product (GDP) growth and economy recovery. — James Ha Tung, Sarawak Master Builders Federation chairman KUCHING: The shortage of foreign workers due to the COVID-19 […]
On the right track regardless of uncertainties
It’s an exciting 2022 for both Sarawak’s and Malaysia’s economies as figures have shown a tremendous improvement since the opening of the international borders in April of this year. For instance, this year Premier Datuk Patinggi Tan Sri Abang Johari Tun Openg revealed that Sarawak collected over RM11 billion, which is the biggest revenue in […]
