Malaysia has potential to improve its current account balance by enhancing the services component of the account, particularly in the travel subcategory, says Malaysian Rating Corp Bhd (MARC).
Speak to most Malaysians on the street and one will find that many are scratching their heads almost to the point of exasperation as to why the ringgit’s weakness is so stubbornly persistent.
Malaysia’s unemployment rate in December 2023 remained unchanged at 3.3% as in November but the number of unemployed persons continued to fall to 567,800 persons.
Prime Minister Pham Minh Chinh has sent a telegram to the governor of the State Bank of Vietnam, Finance Minister and chairmen of provincial and municipal People’s Committees seeking greater implementation of solutions to increase capital access and the removal obstacles facing production and business.
The recent rally among property stocks has been led by the Johor-based property players riding on multiple themes that investors perceive to be excellent news for these property companies as a key infrastructure project, like the rapid transit system (RTS) link is taking shape.