NSTbusiness: “The 2020 Budget is very sensible and the (country’s) debt rating is also important to access capital market, to stimulate growth in the local economy.”
He said the 2020 Budget was likely sufficient to support the economy with “sensible” approaches made by the government.
“The 2020 Budget is very sensible and the debt rating is also important to access capital market, to stimulate growth in the local economy,” he added. “This is a good range because other countries record lower single digit growth. Malaysia is generating consistent growth about 4.0 per cent, which is quite positive despite the headwinds around trade and protectionism,” he said.
HSBC’s global survey ‘Navigator: How, next and how’ revealed local businesses’ optimism about growth prospects had strengthened over the past 12 months. The report showed business growth in the near term was expected to be driven by improving productivity, investment in technology and entering new markets.
“Malaysian companies are much focused on the adoption of robotics. Many factories in Malaysia employ foreign workers and clearly the government tries to convince businesses to invest in robotics, thus reducing the reliance of manual labour which in turn make Malaysia up the value chain,” he said.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Govt may launch stimulus package if global economy weakens: LimPONTIAN: The government may consider introducing an economic stimulus package if the global economy worsens next year, said Finance Minister Lim Guan ...
Read more »
Guan Eng: Govt may launch stimulus package if global economy weakens | Malay MailPONTIAN, Nov 9 — The government may consider introducing an economic stimulus package if the global economy worsens next year, says Finance Minister Lim Guan Eng. He said the matter had been discussed at Cabinet meetings before and after the tabling of Budget 2020. “Actually, I had stated that...
Read more »
More to come after e-wallet stimulus package, says Guan EngRM500 million allocation is already an economic stimulus package, says the finance minister. FMTNews LimGuanEng
Read more »
Development projects pushed to 2020 due to delay in allocationsPETALING JAYA: There will be twice as many development projects next year than planned for, thanks to a delay in the allocation of funds for this year...
Read more »
Malaysia’s shadow economy worth around RM300b, says Guan Eng | Malay MailGEORGE TOWN, Nov 11 — The size of Malaysia’s shadow economy is at around RM300 billion and integrating a fifth of it into the formal sector could bring the country between RM5 billion and RM15 billion in additional revenue, Finance Minister Lim Guan Eng said today. He said the country’s...
Read more »
Cite Zahid, Lokman for contempt for undermining judiciary, Ramkarpal tells A-G | The Malaysian InsightThe DAP legal bureau chairman says not doing so will encourage more of such behaviour.
Read more »