Fitch retains BBB+ ratings for Malaysia

[ad_1] PETALING JAYA: Three years after downgrading Malaysia’s sovereign credit rating, Fitch Ratings keeps its BBB+ ratings unchanged as it cautioned about a “small” gain from Budget 2024’s revenue-raising measures,…

There is still hope despite higher fiscal deficit

[ad_1] MALAYSIA’S fiscal deficit as a percentage of its gross domestic product (GDP) being higher than its regional peers implies less flexibility to support the economy should a crisis arise,…

Restoring the ringgit

[ad_1] THE ringgit is a topic that is conversed about at great length as it has dived to record lows against the greenback and Singapore dollar. Many suggestions and recommendations…

Nigeria eyes US$11.98bil debt funding for budget

[ad_1] ABUJA: Nigeria’s government plans to raise nine trillion naira (US$11.98bil) of debt to help fund next year’s budget, says Ben Akabueze, the head of the West African nation’s budget…

Ideas hails Malaysia’s fiscal responsibility laws

[ad_1] PETALING JAYA: The Institute for Democracy and Economic Affairs (Ideas) says the Public Finance and Fiscal Responsibility (PFFR) Act is a welcome move, as it aims to promote equitable…

MyBHA asks govt to address hospitality industry issues

[ad_1] PETALING JAYA: Malaysia Budget and Business Hotel Association (MyBHA) says the government should introduce a more effective budget in solving threats to the hospitality industry and recover tax revenue…

Broadening revenue base

[ad_1] PETALING JAYA: The government will enforce the implementation of the capital gains tax (CGT) as announced during Budget 2024 by Prime Minister Datuk Seri Anwar Ibrahim yesterday. He said…

Govt likely to cut subsidies for fiscal strength

[ad_1] KUALA LUMPUR: Malaysia is expected to make subsidy cuts for the well-off and provide cash aid for the needy as part of its budget plan for 2024, prioritising support…

F&B players, retail sector forecast to benefit from Budget 2024

[ad_1] PETALING JAYA: TA Research expects both retail and food and beverage (F&B) players in the consumer sector to be major beneficiaries of Budget 2024. The research house said the…

Fiscal tightening likely to take centrestage

[ad_1] PETALING JAYA: Budget 2024, which will be tabled on Oct 13, will likely pay strong emphasis on fiscal tightening with the aim to further consolidate the high fiscal deficit…