GDP

BNM says exports continue to strengthen on the back of recovering external demand and positive spillovers from the global tech upcycle.

Malaysia’s GLICs hold combined AUM valued at over RM1.8 trillion, roughly the size of Malaysia’s nominal GDP

Following the enactment of the Audit (amendment) Bill, which took effect on 1st November, the Auditor-General now holds the authority to audit the accounts of 1,856 entities, including GLCs.

If audits uncover just RM1 million in savings per company, the total could reach RM2 billion - resources that can be allocated towards transforming Malaysians’ lives for the better.

NIAGA SPOTLIGHT focuses on transparency and accountability for GLCs and GLICs to identify underperforming entities and improve Malaysia's overall economic landscape.

The IMF releases new economic forecasts showing that global GDP growth will decline slightly by 20.9 to 3.1 pct from 3.2 pct this year.

The government has allocated RM421 billion, or 20.2 per cent of the GDP, for Budget 2025.

The World Bank has upgraded Malaysia’s economic growth forecast to 4.9% in 2024, an increase from its initial 4.3% prediction set in April.

#AWANITonight with @_farhanasheikh

1. World Bank upgrades M'sia GDP forecast to 4.9%
2. GISB: Selangor forms task force for victim rehabilitation

#AWANIEnglish #AWANINews

Apurva Sanghi says both domestic and external factors back the upgraded growth forecast as the global economy is doing much better.

According to the State of Scam Report 2024, about 70 per cent of scam victims did not report their cases to the authorities.

Two investment banks have kept their projections for Malaysia's economic growth above 5.0 per cent for 2024.

In 2023, PayNet processed RM5.15 trillion in transactions—3.3 times Malaysia’s Real GDP. As Malaysia advances its cashless journey, Group CEO Farhan Ahmad discusses the future of digital payments and financial inclusion, impact of Gen AI on payments and preparing for evolving threats.

Dr Mohd Afzanizam Abdul Rashid said ringgit's performance has been quite sanguine amidst the anticipation of a better GDP data for 2Q 2024.

According to MoF, the official 2024 forecasts for inflation and GDP growth remain at 2.0-3.5 per cent and 4.0-5.0 per cent, respectively.

Growth moderated to 1.6 per cent from the double-digit 15.9 per cent in 2022.

The government is committed to reducing its borrowings within a five-year timeframe to ensure a stronger and sustainable fiscal position.

The government is confident that Malaysia can surpass the digital GDP target of 25.5 per cent by 2025 through the expansion of 5G to services beyond telecommunications