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New stream of money inflow for Malaysian Govt

PETALING JAYA: The government, which had previously identified at least RM10bil worth of spending cuts, plans to further strengthen its cashflow by monetising some of its non-strategic assets and gradually issuing new sovereign debts

Alliance Bank Malaysia Bhd chief economist Manokaran Mottain told StarBiz that the monetisation of the government’s non-critical and non-strategic assets would create a new stream of money inflow and help to deal with any shortfall in revenue.  “It makes sense for the government to do away with such assets that are non-productive and left idle."

Norway may raise interest rates

STOCKHOLM: Expectations for Norway to increase interest rates couldn’t be any higher, but don’t expect the krone to benefit that much.

Bursa gets lift from regional sentiment, banks

KUALA LUMPUR: Asian stocks had another good session on Wednesday as investors pinned their hopes that Chinese stimulus measures would help to cushion the impact of the tariffs conflict.

Nomura: CPI to rebound to 1.1pc in September

KUALA LUMPUR: Nomura Global Markets Research expects Malaysia’s Consumer Price Index (CPI) measuring headline inflation to rebound to 1.1% year-on-year in September due to the reinstatement of the sales and services tax.

RHB: Malaysia's real GDP growth at 5% in 2018-2019

KUALA LUMPUR: RHB Research expects Malaysia's real gross domestic product (GDP) to grow at five per cent this year and next year, slower than the 5.9 per cent achieved in 2017 due to weakening external demand.

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