PETALING JAYA: The Cabinet has agreed to rationalise diesel subsidies, says Prime Minister Datuk Seri Anwar Ibrahim. Anwar said this would begin with targeted diesel subsidies in the peninsula first, and later for Sabah and Sarawak. "Almost all families in Sabah and Sarawak use diesel for transportation every day. So, we will postpone this move there," he...
KUALA LUMPUR: The seasonally adjusted S&P Global Malaysia manufacturing purchasing managers’ index (PMI) rose to 49.0 in April from 48.4 in March, indicating a softer downturn in the country's manufacturing sector. "The latest PMI data suggests that GDP growth is running at a slightly improved rate than that seen at the end of 2023, as well...
KUALA LUMPUR: The ringgit opened lower against the US dollar on Friday as the latest US gross domestic product (GDP) figures showed that the US economy grew by 2.5 percent in 2023, a significant improvement from the 1.9 per cent growth recorded in 2022, thus increasing demand for the US dollar. At 9:05 am, the ringgit...
KUALA LUMPUR: Malaysia stands by its forecast for the country's gross domestic product (GDP) at between 4% and 5% in 2023, says Deputy Finance Minister I Datuk Seri Ahmad Maslan. "We respect the World Bank's analysis. But we will keep our forecast at around 4% to 5%, as there has been no change in terms of...
KUALA LUMPUR: Prime Minister Datuk Seri Anwar Ibrahim is set to launch "Madani Economy: Empowering the People", the theme for Budget 2024 which will steer the economy to safeguard the country’s future. The launch will be held at the Securities Commission’s headquarters in Kuala Lumpur at 9am on Thursday (July 27). “Wait for it, God willing,” he...
