Malaysia’s Gross Domestic Product (GDP) is expected to grow 4.3% in 2024, up from the 4% growth expected for 2023. This will mainly be driven by higher global export demand, particularly from the technology sector, according to the International Monetary Fund (IMF).
Recently, the International Monetary Fund has recommended Malaysia implement a more restrictive monetary policy to bring inflation down towards the 2-3% range in the medium term. (Photo:
Kuala Lumpur (VNA)𝓀 – Malaysia’s Gross Domestic Product (GDP) is expectedto grow 4.3% in 2024, up from the 4% growth expected for 2023. Thiswill mainly be driven by higher global export demand, particularly from thetechnology sector, according to the International Monetary Fund (IMF).
IMF’s Asia Pacific regional studies divisionchief Shanaka (Jay) Peiris said Malaysia is a very open economy, especially inthe export of electrical and electronics (E&E) products. He expectedthat the global economy and export demand to gradually recover, particularlyfor the technology sector to pick up too next year, and that will add to higher growth. On Malaysia’s inflation, he said it has beengradually slowing but the subsidy reforms tabled in Budget 2024 will pose somerisks to that. However, he reckoned that the subsidy reforms will be a"one-off” event and that it would be unnecessary for additional measuresfrom Bank Negara Malaysia (BNM). Shanaka said the IMF’srecommendation for Malaysia in the last report showed that the monetary policy should be restrictive enough to bring the inflation down towards the 2-3% rangeover the medium term. He said that at themoment, interest rates have been increased and inflation has been graduallycoming down. Therefore, maintaining restrictive stance will help bring downinflation./.
Prime Minister and Minister of Finance of Thailand Srettha Thavisin has held talks with Malaysian Prime Minister Anwar Ibrahim to seek ways to enhance bilateral ties.
Malaysian Prime Minister Anwar Ibrahim on October 13 submitted to the country’s parliament a draft budget for 2024 which includes bolder reforms for the economy with new tax measures.
Currencies of Southeast Asian countries are trading near their lows for the year against the surging USD, with the MYR of Malaysia and THB of Thailand leading the decline, as governments and businesses in the region worry about the economic impact of the depreciation., according to Nikkei Asia.
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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.
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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.
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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.
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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.
Recently, the International Monetary Fund has recommended Malaysia implement a more restrictive monetary policy to bring inflation down towards the 2-3% range in the medium term. (Photo: 
