Maybank IB revises upwards 2023 supply forecast for Malaysian Govt Securities, Govt Investment Issues

Deloitte, Ernst & Young: With Malaysia’s new capital gains tax, real property gains tax needs amendment to avoid double taxationMaybank Investment Bank Bhd had revised upwards its gross and net for Malaysian Government Securities and Government Investment Issues supply forecast to RM186 billion and RM105 billion, respectively, in 2023.

As for net MGS and GII supply, Maybank IB expected it to total RM105 billion, which is also a record.It added that while the larger-than-expected auction sizes recently did raise questions on upside risk to the MGS and GII supply, the pace of the planned reduction in T-bills is rather sharp. It said that issuance currency is likely to be fully in ringgit, and there will be no US dollar bond maturities in 2024.

Maybank IB also viewed that the government’s plan to reduce the deficit to RM85.4 billion or 4.3 per cent of Gross Domestic Product in 2024 is insufficient to cut the debt ratio but remains committed to medium-term fiscal consolidation.

España Últimas Noticias, España Titulares

Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.

Govt proposes for investment tax allowance of 70% or 100%KUALA LUMPUR: The government plans to provide an investment tax allowance on a tiered basis of 70 per cent or 100 per cent. Prime Minister Datuk Seri ...
Fuente: theSundaily - 🏆 25. / 51 Leer más »

PM: Govt plans to extend tax relief to fund management companies with sustainable investment fundsKUALA LUMPUR: The government plans to extend tax exemptions to fund management companies that manage sustainable and responsible investment (SRI) fund...
Fuente: theSundaily - 🏆 25. / 51 Leer más »

Investment tax allowance of 70pc or 100pc proposedTHE Government plans to provide an investment tax allowance on a tiered basis of 70 per cent or 100 per cent.
Fuente: DailyExpress_MY - 🏆 3. / 83 Leer más »