My Sinchew/ Biz

Govt expenditure to rise to RM265.9bn this year

Federal government expenditure in 2017 is expected to increase 5.4 per cent to RM265.9 billion, but its share to the Gross Domestic Product (GDP), is estimated to decline to 19.8 per cent, said the Ministry of Finance (MOF).


Outstanding external debt fell to RM877.5bn as at end-June

Malaysia's outstanding external debt decreased to RM877.5 billion, or 65.2 per cent of gross domestic product (GDP) as at end-June this year compared with RM916.1 billion, or 74.5 per cent, at end-2016.


Economy to grow 5 - 5.5% next year

The Malaysian economy is projected to continue its strong growth momentum with real gross domestic product (GDP) expanding between 5.0 per cent and 5.5 per cent in 2018, mainly driven by resilient domestic demand and favourable external factors.


DFTZ to help SMEs double exports by 2025

The establishment of the Digital Free Trade Zone (DFTZ) is expected to create 60,000 jobs and double exports of Small and Medium Enterprises (SMEs) to RM162.9 billion by 2025, according to a Finance Ministry report.


Empowering the economy, serving the rakyat: Naijb

The government will continue to strive in empowering the economy despite policy uncertainties in major advance economies, rising protectionism and geopolitical tension while serve the rakyat to the best of its ability.


e-Wallet boost for e-commerce

The emergence of the electronic wallet (e-wallet) contributes to the further development of e-commerce and enhances the retail payment system by offering a fast, easy and secured payment process, according to the Ministry of Finance.


Fiscal deficit to narrow to 2.8% of GDP

Prime minister cum finance minister Datuk Seri Najib Tun Razak will table Budget 2018 at Dewan Rakyat at 3.30p.m. this afternoon.


September CPI up 4.3%

Inflation rate rose above 4% again in September.


China's Q3 economic growth slows but on course to beat target

China's economy slowed marginally in the third quarter but is well on course to beat the government's annual target, cementing Xi Jinping's standing as he prepares to be handed a second term in power at a key Communist Party conclave.


Jan-Aug trade up 22.6%

The country's trade volume increased 22.6% to RM1.163 trillion during January-August 2017 period, with electrical and electronic products the largest exports.


 

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