KUALA LUMPUR, July 31 — The implementation of fiscal consolidation measures is expected to reduce the fiscal deficit to below three per cent and ensure that the debt level does not exceed 60 per cent of the country’s estimated gross domestic product (GDP).

By Danial Dzulkifly KUALA LUMPUR, July 31 — Prime Minister Datuk Seri Anwar Ibrahim said the government has significantly reduced its new borrowings, bringing it down to RM76.8 billion last year from RM99.4 billion in 2023, as part of efforts to ensure sound fiscal governance. Speaking at the...

By Danial Dzulkifly KUALA LUMPUR, July 31 — Prime Minister Datuk Seri Anwar Ibrahim said the government has significantly reduced its new borrowings, bringing it down to RM76.8 billion last year from RM99.4 billion in 2023, as part of efforts to ensure sound fiscal governance. Speaking at the...

KUALA LUMPUR, July 31 — The ringgit opened higher against the United States dollar and a basket of major currencies today, ahead of the 13th Malaysia Plan (13MP) announcement this afternoon, said Bank Muamalat Malaysia Bhd chief economist Mohd Afzanizam Abdul Rashid.

KUALA LUMPUR, July 30 — The ringgit reversed its morning gains to close slightly lower against the United States (US) dollar today, as traders turned cautious ahead of the US Federal Reserve's (US Fed) interest rate decision, amid uncertainty over a potential cut.

KUALA LUMPUR, July 30 — The government is prepared to manage electricity import and export activities and renewable energy (RE) trading, from which proceeds will be deposited into Kumpulan Wang Industri Elektrik (KWIE), which will benefit the people.

PUTRAJAYA, July 30 — Malaysia has secured RM2.97 billion in confirmed digital investments from leading Chinese technology players, paving the way for the creation of over 6,800 high-value digital jobs nationwide, said Digital Minister Gobind Singh Deo.

KUALA LUMPUR, July 30 — Eleven manufacturing projects worth RM11.3 billion have been approved and have begun operations nationwide under the Madani government’s leadership.

KUALA LUMPUR, July 30 — Malaysia is stepping up efforts to strengthen bilateral tourism cooperation with Vietnam as part of its strategic preparations for Visit Malaysia 2026.

By Danial Dzulkifly SHAH ALAM, July 30 — The federal government has decided to scrap the previously proposed high-value goods tax (HVGT), Finance Minister Datuk Seri Anwar Ibrahim said in a written parliamentary reply yesterday. Anwar, who is also prime minister, said in response to a...

KUALA LUMPUR, July 30 — The International Monetary Fund (IMF) has raised its forecast for Malaysia’s real gross domestic product growth to 4.5 per cent in 2025 and 4 per cent in 2026.

KUALA LUMPUR, July 30 — The ringgit was little changed against the United States dollar this morning as traders waited to see results of the Federal Open Market Committee (FOMC) meeting tonight, said an analyst.

KUALA LUMPUR, July 29 — The Employees Provident Fund (EPF) saw its investment income fall by 13 per cent in the first quarter of 2025 (1Q 2025), recording RM18.31 billion compared to RM20.99 billion in the same period last year.

KUALA LUMPUR, July 29 — The ringgit ended lower against the United States (US) dollar today as market traders await the outcome of the US Federal Open Market Committee (FOMC) meeting.

KUALA LUMPUR, July 29 — The enactment of the Cross-Border Insolvency Bill 2025 is expected to support Malaysia’s long-term goal of attracting foreign direct investments (FDI), as well as strengthening the nation’s economic stability.

KUALA LUMPUR, July 29 — Household debt stood at RM1.65 trillion as of the end of March, equivalent to 84.3 per cent of the nation’s gross domestic product (GDP).

KUALA LUMPUR, July 29 — Malaysia must strive to nurture more tech-driven companies that can grow into Asean-based multinational corporations (MNCs) and eventually establish a global footprint, said Deputy Investment, Trade and Industry Minister Liew Chin Tong.

KUALA LUMPUR, July 29 — The ringgit opened higher today against the United States dollar and other major and regional currencies, supported by easing global trade tensions that lifted investor sentiment, an analyst said.

KUALA LUMPUR, July 28 — Bank Negara Malaysia (BNM) has revised Malaysia’s 2025 gross domestic product (GDP) growth projection to between 4 per cent and 4.8 per cent, from between 4.5 per cent to 5.5 per cent previously.

KUALA LUMPUR, July 28 — The government continues to support the construction sector by granting Sales and Service Tax (SST) exemptions for selected projects, particularly those involving residential buildings and public facilities, including houses of worship, recreational parks and public toilets, said Deputy Works Minister Datuk Seri Ahmad Maslan.