Malaysia’s credit growth to ease slightly: Fitch Solutions
Fitch Solutions Country Risk and Industry Research (Fitch Solutions) has forecast that credit growth in Malaysia will ease slightly to 4.3% this year from 4.5% in 2022 due to a weaker economic outlook and higher borrowing costs.
The headquarter of Central Bank of Malaysia. (Photo: themalaysianreserve.com)
Kuala Lumpur (VNA)🉐 - Fitch Solutions Country Risk andIndustry Research (Fitch Solutions) has forecast that credit growth in Malaysiawill ease slightly to 4.3% this year from 4.5% in 2022 due to a weakereconomic outlook and higher borrowing costs.
Malaysian banks will likely remain on a stable footing despitepotential negative spillovers from banking stresses in the US andEurope, as a result of robust liquidity and capital buffers, as well as a muchless restrictive monetary environment, Fitch Solutions said in the latest researchreport.
Asset quality has alsoremained fairly stable despite the phasing out of support measures, and asignificant deterioration would not be expected in the months ahead, it added.
✱ The rate-hiking cycle in the Southeast Asian country has alsobeen much more gradual and modest than in other parts of the world as inflationhas been more subdued, and interest rates were expected to peak soon.
Fitch Solutions noted that Malaysian banks were alsowell-capitalised with the aggregate banking system capital ratio coming in at18.5% in February, compared with an average of 18.3% in 2022. This is significantly higher than the regulatory minimum of 10.5% (8% total capital ratio and a 2.5% capital conservation buffer),resulting in an excess capital buffer of 135 billion RM (30.5 billion USD). According to the report, common equity tier 1 (CET1) and tier 1capital ratios also stood at 14.8% and 15.3% respectively, in the month, versus the Basel III requirement of 4.5% and6.0%. Fitch Solutions said the banking system’s strong liquiditycoverage and loan-to-deposit ratios will continue to underpin financialstability in the country. The latest data showed that the liquidity coverage ratio rose to152.7% in November 2022, from 147.1% in January 2022, which was much higherthan the minimum requirement of 100%, implying a higher margin of safety, itsaid./.
The Malaysian government remains committed to implementing policies that can bolster the nation’s economic growth and competitiveness to attract funds that will strengthen the international reserves and the ringgit.
Malaysian employees have voiced concerns about financial and job stability amid a softening economy laden with worldwide business restructuring, increasing operating costs, and high interest rates, according to talent agency Randstad Malaysia.
In his article, Oscar Sanchez Serra highlighted President Ho Chi Minh’s founding of the Thanh Nien (Young People) newspaper on June 21, 1925, which marked the birth of Vietnam's revolutionary press rooted in a bold and far-sighted vision.
Several ASEAN meetings are scheduled to take place in Port Dickson this September, including the Senior Officials' Meeting (SOM) for ASEAN Plus Three (APT), the East Asia Summit (EAS), the 15th ASEAN Maritime Forum, and the 13th Expanded ASEAN Maritime Forum.
Thailand's Prime Minister Paetongtarn Shinawatra has ordered the urgent implementation of a national policy to crack down on all forms of call centre scams, online fraud, and illegal gambling, which are now considered threats to national security.
Coordinating Minister for Economic Affairs Airlangga Hartarto and EAEU Trade Minister Andrey Slepnev jointly declared the conclusion of FTA talks on the sidelines of the 28th St. Petersburg International Economic Forum (SPIEF 2025), according to the statement.
The article stressed that throughout his revolutionary career, the founder of modern Vietnam consistently regarded the revolutionary press as a vital part of the Vietnamese Party’s and nation’s revolutionary struggle.
Pichai said the trade talks with the US are important and need to move forward professionally, without regard for any political changes in Thailand, believing that Thailand has clear principles, guidelines and procedures in place.
The tax adjustment supports the Malaysian Government’s strategy to reduce reliance on foreign food supply chains and to assist domestic farmers, a finance official has said.
The proposed venue is located in the Chatuchak area of Bangkok, featuring eight public sites, including Krungthep Aphiwat Central Terminal and several nearby parks.
Connectivity is expected to improve further with the completion of the fifth Laos–Thailand Friendship Bridge by the end of 2025, facilitating logistics and agricultural exports to Vietnam, Thailand, and China.
Two naval gunboats intercepted a fishing vessel carrying 1.5 tonnes of methamphetamine hydrochloride off the coast of the main island of Luzon just before dawn, in a joint operation with the Philippine Drug Enforcement Agency.
In the today context of socio-economic development and growth, the professionalism of Vietnam’s revolutionary journalists continues to rise, guided by exemplary mastery of new information technologies and the modernisation of their founding principles to preserve the enduring values of revolutionary journalism.
Thai Permanent Secretary of the Ministry of Commerce Vuttikrai Leewiraphan Thailand's formal proposal will be substantial enough for the US to consider further detailed negotiations. He hoped for a tariff rate not exceeding 10% and suggested that the US might extend the negotiation period if an agreement is not reached by the July 8 deadline.
Organised by the Ministry of Culture and the Association of Thai Silk & Culture Promotions, the event honors Her Majesty the Queen on her 47th birthday anniversary and promotes Thai craftsmanship on an international stage.
Prensa Latina's recent article on Vietnam’s assurance of smooth and effective transition to a leaner structure highlighted Prime Minister Pham Minh Chinh’s latest directions on implementing 28 resolutions regarding the decentralisation and delegation of authority.
The lab focuses on four key thematic areas: energy transition and green innovation, sustainable agriculture, circular economy and sustainable cities, and nature-based solutions and biodiversity.
The key content of the document titled "Accelerating Innovative Strategies: Addressing the OOSCY Challenges" will be refined further in a seminar preceding the 47th ASEAN Summit in Kuala Lumpur this October.
This follows Telegram’s serious failure to address the content that has been repeatedly reported to them, despite various efforts of negotiation and cooperation made by MCMC, it said.
The headquarter of Central Bank of Malaysia. (Photo: themalaysianreserve.com) 
