Ray Choy News Today

PETALING JAYA: Despite tensions in the Middle East and the US Federal Reserve (Fed) signalling that it will not cut interest rates soon, the Malaysian economy is unfazed and appears to be on track to grow between 4% and 5% this year in line with official estimates.

PETALING JAYA: The household debt situation, which is high but manageable, should not make corporate Malaysia complacent but instead proactive measures should be taken to ensure that it does not worsen.

PETALING JAYA: Corporate Malaysia is not expected to see a surge in bankruptcy risks amid persistently high interest rates globally, owing to the magnitude of its interest rate hikes and well-capitalised and regulated banking system.

The government needs to be bold and brave in terms of implementing strategies and reforms to tighten the fiscal screws in the upcoming Budget 2024, says Pankajkumar Bipinchandra, who is managing director of Datametrics Research and Information Centre.

For decades, Ray Choy has spent his weekends sitting in or standing beside cars that are louder than a major rock concert, a jackhammer, or a jet engine. DB drag racing is a competition to create the loudest car stereo system. At events around the world, competitors, many of whom have ripped out their seats to make space for giant subwoofers, go toe-to-toe in knockout brackets.