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LAST week, the Finance Minister was quoted as saying that the country’s debt to GDP level could hit the 55% mark by year-end from the current 52% level.
PETALING JAYA: After three rounds of cuts in five months of this year, Bank Negara is unlikely to reduce its Overnight Policy Rate (OPR) further in 2020, according to Affin Hwang Capital Research chief economist Alan Tan.
KUALA LUMPUR: Maxis Bhd has been identified as a technology solutions partner (TSP) by the Malaysia Digital Economy Corporation (MDEC) for the RM500mil SME Digitalisation Grant under Budget 2020.
PETALING JAYA: As the overcrowded e-wallet market steps closer towards consolidation, players in this segment are positioning to stay ahead and deepen their presence in the digital payment space.
AS a country that has faced budget deficits for over two decades amid efforts to turn surplus, Malaysia has consistently relied on borrowings to finance its revenue shortfalls.
KUALA LUMPUR: Malaysia’s fiscal deficit is expected to increase to between 5.8% and 6% of GDP this year following the implementation of the government’s stimulus programmes to offset the severe fallout from the Covid-19 pandemic.
IT is a well known fact that punters in Malaysia are being deprived of their trips to betting shops. All bets are off, including the country’s only physical casino in Genting Highlands.
THE collapse in oil prices and the Covid-19 economic fallout, both of which have a negative impact on Malaysia’s revenue, are timely reminders of the need to reconsider the current tax framework.
PETALING JAYA: Duopharma Biotech Bhd posted a 6.2% dip in net profit for the first quarter of the financial year of 2020 (FY20) due to weaker ringgit against the US dollar.