Malaysia To Sustain Growth At 4-4.5 Pct Next Year Driven By Higher Demand For Semiconductors, AI Applications – MoF

By Mikhail Raj Abdullah, Kisho Kumari Sucedaram and Norsyafawati Ab Wahab

KUALA LUMPUR, Oct 10 (Bernama) – Higher exports of semiconductors and artificial intelligence (AI) edge applications will be among a slew of factors sustaining Malaysia’s economic growth next year at a commendable rate of between 4.0 and 4.5 per cent – against 4.0 to 4.8 per cent this year – despite acute trade challenges, the Ministry of Finance (MoF) said today.

Johor On Track To Record RM2.5 Billion Revenue This Year

ISKANDAR PUTERI, Sept 11 (Bernama) -- Johor is on track to achieve a state revenue projection of RM2.5 billion this year, the highest in its history, surpassing previous peak figures of RM1.5 billion to RM1.7 billion recorded between 2015 and 2021.

Paramount Expects Full Take-up For Embun Hills Project

BUKIT MERTAJAM, Aug 3 (Bernama) -- Paramount Corp Bhd's unit, Paramount Property (Utara) Sdn Bhd is confident its newly-launched project here, Paramount Embun Hills, will be fully taken up, given the project’s strategic location and design. 

Malaysia’s 13MP GDP, Fiscal Deficit Targets Are Attainable -- CGS

KUALA LUMPUR, Aug 1 (Bernama) -- CGS International Securities Malaysia Sdn Bhd believes the average gross domestic product (GDP) growth target of 4.5–5.5 per cent under the 13th Malaysia Plan (13MP), along with the fiscal deficit target of three per cent of GDP by 2030, is attainable.

SST Expansion To Have Limited Direct Impact On GDP, Inflation -- RHB IB

KUALA LUMPUR, June 20 (Bernama) -- The Sales and Service Tax (SST) expansion is expected to have a limited direct impact on gross domestic product (GDP) and inflation, as it primarily targets discretionary items and selected service sectors, according to RHB Investment Bank Bhd (RHB IB).

Penang Port Set To Exceed 1.5 Mln TEUs By Year-end, Says CEO

BUTTERWORTH, Sept 23 (Bernama) -- Penang Port Sdn Bhd is expected to exceed a container handling capacity of 1.5 million twenty-foot equivalent units (TEUs) by the end of this year, said its chief executive officer Datuk Sasedharan Vasudevan.