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Malaysian Finance Minister predicts the country will become a tiger economy in just 3 years

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Lim Guan Eng also said that RM37 million (S$12.3 million) in tax refunds was on its way to Malaysians over the next 10 months

He also mentioned that tax refunds are on its way to Malaysians over the course of the next 10 months. These refunds will total RM 37 million .

“Improved trade relations with China saw investments from China increased from RM5 billion a year ago to RM20 billion.” 2018’s figures have been positive despite certain predictions and I think Malaysia’s economy is progressing well. We have exceeded consensus estimation even for the previous month. In a statement he said, “The CPI decline proves that the government’s policy of abolishing the Goods & Services Tax and replacing it with the Sales & Services Tax and stabilising fuel prices with a ceiling price mechanism works by expanding the economic pie to benefit both businesses and the people.”“We want to ask the banks to be a bit more flexible in terms of lending arrangement because we get complaints that they are being very conservative.

 

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