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New foreign, defence, health & finance ministers for M sia as Anwar Ibrahim reshuffles cabinet

Malaysia, Hong Kong plan economic hub near Singapore border

Hong Kong will join Malaysia in developing an economic hub in southern Johor, near the Singapore border, as Malaysia looks to tap the land d.

Tengku Zafrul: Malaysia did not hesitate to expand fiscal position for economic recovery

07 Jan 2021 / 19:19 H. KUALA LUMPUR: Malaysia did not hesitate to expand its fiscal position in the near term to support the counter-cyclical economic recovery packages and the nation’s largest national budget for 2021 at RM322.5 billion. Finance Minister Datuk Seri Tengku Zafrul Abdul Aziz ( pix) said even though it was Malaysia’s biggest ever budget, it was thought through with a clear strategy for fiscal consolidation to, among others, achieve a deficit of below four per cent under the government’s Medium-Term Fiscal Framework. “The government is also working on the Fiscal Responsibility Act to institutionalise fiscal prudence, governance and transparency based on global best practices.

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