PUTRAJAYA: Graft investigators have searched the house of FashionValet founders Datin Vivy Yusof and Datuk Fadzaruddin Shah Anuar and frozen several of their accounts with RM1.1mil in funds.
Standard Chartered's Lee said the economic outlook for Malaysia remains positive underpinned by domestic and external demand.
It stated at the current OPR level, monetary policy stance remains supportive of the economy and is consistent with the current assessment of inflation and growth prospects. “Higher tariffs on China alone will impact Malaysia via slower demand from China, but there is a clear offset in terms of rising investments and further acceleration of ‘China +1’ policies,” OCBC Bank stated in a research note on the subject matter.
He also expects inflationary pressures to be muted from a possible rationalisation of the RON95 fuel subsidy next year. “But if we are just to assume a global oil price of US$80 a barrel and the impact does not affect 85% of people, the inflationary impact may be 0.3 percentage points ,” he told StarBiz.“We think inflation is likely to trend in the range of between 2.5% and 3% next year, aligning with official forecast of between 2% and 3.5% due to the planned RON95 subsidy rationalisation in mid-2025.
Banknegara Sustainablegrowth Malaysiaeconomy Inflationcontrol Monetarypolicy Exportgrowth OPR Ringgitstability
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