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LAST week, this column highlighted Malaysia’s debt dependency and how the government should formulate a strategy to raise its tax revenue to reach 15% of gross domestic product (GDP) by 2025.
HOT on the heels of tabling the 12th Malaysia Plan (12MP), the next agenda is the presentation of the Budget 2022 in just under three weeks.
THE FBM KLCI was introduced in 2006 in collaboration between FTSE and Bursa Malaysia as the new benchmark index for the Malaysian stock market that constitutes the top 30 market capitalised stocks and free-float adjusted.
Why is rate of inflation accelerating? For example, just looking at the Brent crude oil price and retail pump prices in the second quarter of of 2020 and this year, prices of Brent crude have almost doubled while RON95 presently retails at RM2.05 per litre, although capped, is almost 50% higher than a year ago. THE Malaysia Consumer Price Index (CPI) for the month of March was a surprise as the headline 1.7% reading was ahead of market forecast of 1.6% jump. As we are now into the 2Q period, it is likely that inflation reading will be elevated as Bank Negara Malaysia (BNM) itself has highligh...
Three key elements that can dictate the local market’s direction this year. - Economy, election, earnings. LAST week, this column highlighted five key elements that will dictate global markets and of course these global economic factors, which are universal, will also have an impact on the local economy in general and more specifically, the financial markets. Index wise, the FBM KLCI, which closed the year 2020 at 1,627.21 pts or up 2.4%, the first annual rise of the benchmark index in since 2017, is now estimated to have a fair value of 1,756 pts this year, based on brokers’ estimates. E...