News Formal

Investment banks upbeat on Malaysia’s GDP outlook, ticks geopolitical risk as downside

  • 📰 malaymail
  • ⏱ Reading Time:
  • 38 sec. here
  • 4 min. at publisher
  • 📊 Quality Score:
  • News: 25%
  • Publisher: 86%

Kenanga Investment Bank Nieuws

Maybank Investment Bank,GDP

KUALA LUMPUR, May 20 — Maybank Investment Bank (Maybank IB) has raised its 2024 and 2025 real gross domestic product (GDP) forecasts to 4.7 per cent from 4.4 previously, and 5.1...

Honey in the Rock brings dry oxtail 'laksa', fried chicken and artisanal ice cream to PJ's Damansara Kim

The upward revision primarily reflects the impact of the recently announced 13 per cent civil service salary increase effective December 2024, it said in a research note today.Meanwhile, Kenanga Investment Bank said the 2024 GDP growth forecast remains at 4.5 to 5 per cent, driven by solid domestic demand and sustained expansion in manufacturing and services sectors.Advertisement

This is in addition to the expected cost-push inflation due to the targeted fuel subsidy rationalisation to be implemented this year, pending timing, quantum and mechanics details, it said. “This may increase price pressures, but the impact should be manageable, with potential supply shocks offset by reduced demand amid higher prices,” it said.

Wij hebben dit nieuws samengevat zodat u het snel kunt lezen. Bent u geïnteresseerd in het nieuws, dan kunt u hier de volledige tekst lezen. Lees verder:

 /  🏆 1. in NL
 

Bedankt voor uw reactie. Uw reactie wordt na beoordeling gepubliceerd.

Nederland Laatste Nieuws, Nederland Headlines

Similar News:Je kunt ook nieuwsberichten lezen die vergelijkbaar zijn met deze die we uit andere nieuwsbronnen hebben verzameld.

Maybank Launches Goal-Based Investment; Accessible From MAE AppMaybank has announced the launch of its Goal-Based Investment, which is accessible via the MAE app as well as the bank's website.
Bron: LowyatNET - 🏆 13. / 59 Lees verder »

Maybank Goal-Based Investment wants to make investing easyMaybank's Goal-Based Investment wants to make it easier for Malaysians to start investing. It only takes RM200 to start investing for retirement or education.
Bron: Soya_Cincau - 🏆 16. / 55 Lees verder »

Microsoft investment is company’s largest single investment ever in Malaysia -- PM AnwarKUALA LUMPUR: The additional investment by Microsoft amounting to US$2.2 billion or RM10.5 billion in the country over the next four years is the larg...
Bron: theSundaily - 🏆 25. / 51 Lees verder »

Anwar: Microsoft's new US$2.2bil investment is its largest single investment in MalaysiaMicrosoft pledged a US$2.2bil (RM10.48bil) investment in artificial intelligence and cloud computing in Malaysia on May 2 to help develop the country’s AI infrastructure.
Bron: staronline - 🏆 4. / 75 Lees verder »