(Reuters) - ChatGPT maker OpenAI is in discussion with chip designers, including Broadcom, about developing a new artificial intelligence chip, the Information reported on Thursday, citing people familiar with the matter.
PETALING JAYA: Fiscal sustainability is crucial for Malaysia’s economic stability and Malaysian Rating Corp Bhd believes the country should focus on building a robust tax base and containing expenditure to ensure long-term fiscal health.
“We estimate a 10% decrease in RON95 fuel subsidies could narrow the fiscal deficit by around 0.2% of gross domestic product . “Raising sufficient revenue while balancing current spending requirements builds buffers for future economic shocks.” it noted. “The government aims to achieve this benchmark by 2026, which, if successful, would stabilise Malaysia’s elevated debt levels and align the deficit with the global median,” it noted.
MARC Fiscalsustainability Economicstability Taxreform Subsidyrationalisation Revenuegeneration Debtreduction Fiscaldeficit
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