by Teuvo Tuomi | Mar 5, 2024 | Malaysia, Economy, News
The Malaysian ringgit is likely to stay weak in the first six months of 2024 as the country grapples with China’s weak economy, a strong US dollar, and delayed economic reforms at home. But finally, the currency seems to have bottomed out, analysts say. On 20...
by Teuvo Tuomi | Jan 5, 2024 | Economy, Malaysia, News
Malaysia’s new sales tax on cheap items bought online from overseas merchants has drawn mixed reactions, with local sellers saying they welcomed the fairer competition while others raised concerns that the higher prices would burden the poor. Malaysia began imposing a...
by Teuvo Tuomi | Dec 21, 2023 | Malaysia, Economy, News
Malaysia’s economy is expected to improve, with gross domestic product (GDP) growing by 4.5-5.5% in 2024 from an estimated 4% this year, according to RAM Rating Services Bhd (RAM Ratings). The economy is expected to benefit from a potential turnaround in external...
