Weathering the economic storm25 December 2014 @ 8:15 AM
AS we march towards the new year, the key concerns on the state of the Malaysian economy seem to revolve around two crucial issues: the plunge of crude oil prices and the depreciation of the ringgit. What are the impacts of these two events on the Malaysian economy in 2015? Is recession in the horizon? Is the Malaysian economy resilient enough towards these shocks?
Public transport; moving the nation forward8 January 2017 @ 1:20 PM
IT seems apparent that last year was the year when Malaysians felt and experienced a great transformation in our public transport system.
It was the year that showcased pledges and plans to be implemented well and to become a reality.
And, of course, there are more plans ahead as far as public transport is concerned as Malaysia takes a step closer to becoming a high-income and developed nation by 2020.
We are not heading for a recession30 December 2016 @ 11:01 AM
It has been a roller-coaster ride for Malaysia’s financial and economic developments this year. Many factors have contributed to these ups and downs — internal and external, economic and non-economic — all of which have triggered jitters and cautious acts in the markets. These include Britain’s vote to exit the European Union (Brexit) and Donald Trump winning the United States presidential elections. Uncertainty and volatility appear to be, once again, the order of the day for the rest of 2016.
TN50, a vision beyond 202020 December 2016 @ 11:02 AM
“From now on, TN50 is our lucky charm. Let the old legacy pass. The future of Malaysia, we recreate.” That’s a quote from Prime Minister Datuk Seri Najib Razak when he introduced the National Transformation 2050 (TN50) during the tabling of the 2017 Budget in October, which sets the course for a new way forward for Malaysia.
And, as expected, critics have pointed their guns at this new initiative, which has yet to kick off in the first place. At least two leading criticisms of TN50 are worthy of scrutiny.
Will RCEP fill the vacuum left by TPP?8 December 2016 @ 2:22 PM
AS the fate of the Trans-Pacific Partnership (TPP) agreement has become more uncertain, the other gigantic multilateral free trade agreement, the Regional Comprehensive Economic Partnership (RCEP), has come into the limelight. Both TPP and RCEP are catalysts for a more deepening of the process of integration and open regionalism in the bigger context of a Free Trade Area in Asia-Pacific (FTAAP).
Strong economic fundamentals prevail28 November 2016 @ 11:04 AM
The latest data on the state of the Malaysian economy, released by Bank Negara Malaysia, pointed to an economy that is relatively robust and fairly resilient. This is amid the moderate global economic growth and modest world trade expansion, plus the uncertainty in the financial markets due to the impact of Donald Trump’s election win in the United States and the renewed ambiguity of Brexit on the rest of the world.
Hard to pigeonhole Trump24 November 2016 @ 11:01 AM
During the past 18 months of the United States presidential campaign, Donald Trump has been consistently unpredictable. He is seen as an outsider in Washington and, in many aspects, is not the typical Republican candidate.
You cannot pigeonhole him with any political thinking or framework — it seems even impossible to identify what his political philosophy was, and is.
His victory speech seems to strengthen this notion. He has made changes in his tone now that he is president-elect, and he sounds more conciliatory and inclusive.
Nation's sovereignty not compromised19 November 2016 @ 11:01 AM
The high-level visit of Prime Minister Datuk Seri Najib Razak to China at the invitation of Premier Li Keqiang recently is significant in the bigger scheme of things. From the economic perspective, the visit can be interpreted not just from the interest of the two countries, but also in the region and the rest of the world.
Sound strategies, measures to pursue quality growth2 November 2016 @ 11:00 AM
With the theme “Ensuring unity and economic growth, inclusive prudent spending, wellbeing of the rakyat”, the 2017 Budget can be seen as a set of measures to boost Malaysia’s economic resilience amid a challenging external environment.
Essentially, it is a budget that is pro-growth, people-centric and forward-looking. The economy is poised to grow between four and five per cent next year, compared with the four to 4.5 per cent this year, and the deficit target is on course to be reduced to 3.1 per cent this year and three per cent next year.
Finding the right equilibrium14 October 2016 @ 11:01 AM
While the soon-to-be announced 2017 Budget is expected to be people-centric, both in terms of its nature and direction, it is crucial for the government to approach it in such a way that it will not jeopardise the financial position of the economy in the future.
Economics, after all, is about managing scarcity, which exists due to the interaction of unlimited wants to that of the limited resources. This is the basic problem which individuals, firms, societies and governments face in their everyday lives and operations that force them to make choices.