Budget 2019

Junz Wong: Sabah feels 'shortchanged' by a smaller development allocation than DBKL's

KOTA KINABALU: Sabah feels it has been shortchanged by the federal government over its development allocation for the state in Budget 2019, when compared to that given to Dewan Bandaraya Kuala Lumpur.

Fixing of floor price for oil bodes well for Malaysia

The Malaysian Government and oil and gas players will be able to plan better

While the crude oil price assumption of US$70 per barrel used for the tabling of Malaysia’s Budget 2019 may be high, it is still well within the US$60 to US$70 per barrel range. Tumbling crude oil prices would create increasing challenges for the government to finance Budget 2019.  According to the recently published Petroliam Nasional Bhd (Petronas) Activity Outlook for 2019 to 2021, Petronas has raised its assumed oil price on a planning basis to between US$60 and US$70 per barrel for 2019.

Budget 2019 passed with simple voice vote after 16 days of debates

KUALA LUMPUR: The Pakatan Harapan government's first Budget has been passed in the Dewan Rakyat with a simple voice vote.

Malaysia's healthcare market to reach RM127.9b by 2027, says Fitch Research

KUALA LUMPUR: Malaysia's healthcare market is expected to grow by 127% to RM127.9bil in 2027 from the RM56.3bil in 2017 as the government pushes ahead with higher public healthcare expenditure, says Fitch Solutions Macro Research.

CIMB Research sees stronger Q4 for LBS Bina

KUALA LUMPUR: LBS Bina’s 9M18 core net profit was in line, at 62% of CIMB Equities Research and Bloomberg consensus full-year estimates.

CIMB Research: "Maintain Add given the potential value arising from its China Zhuhai International Circuit (ZIC) upgrade."

‘Maintain RM30mil allocation to TAR UC’

GEORGE TOWN: The operation of Tunku Abdul Rahman University College (TAR UC) will be affected if it is only given RM5.5mil in development funds next year, says Penang Front Party (PFP).

UOB Malaysia sees strong fundamentals, better transparency supporting ringgit

KUALA LUMPUR: United Overseas Bank (Malaysia) Bhd expects the ringgit to move in tandem with other Asian currencies amid the volatile external environment and escalating US-China trade conflict.

United Overseas Bank (Malaysia) senior economist Julia Goh: "Malaysia’s strong fundamentals and move towards better governance and transparency are likely to provide underlying support for the ringgit."

Guan Eng denies claims bumiputra, rural development allocations cut in Budget 2019

PETALING JAYA: Finance Minister Lim Guan Eng has dismissed claims that the government sidelined the bumiputra community and reduced allocations for rural development in Budget 2019.

CIMB Research positive on Mah Sing’s affordable homes focus

KUALA LUMPUR: CIMB Equities Research remains positive on Mah Sing Group Bhd due to its net cash position, focus on affordable housing and decent dividend yield.

CIMB Research believes Mah Sing's Easy Home Ownership campaign could spur demand as homebuyers will enjoy the benefits of Budget 2019 immediately.

Government confident of cutting fiscal deficit

PETALING JAYA: Systemic reforms will require time to implement and some parts of the economy may be in for a rough ride but with strong fiscal management and institutional reforms, Malaysia will continue to be on a stronger and more sustainable growth path, Finance Minister Lim Guan Eng says.

“Given our wealth of natural resources, sound economic fundamentals, a strong professional workforce and highly sophisticated capital markets, the time to invest in Malaysia is now. I am excited for what the New Malaysia’s continuing growth story holds for the people as well as for current and future investors,” Lim Guan Eng said