KUALA LUMPUR, Oct 29 Malaysians’ inadequate retirement savings in the Employees Provident Fund (EPF) which was further hit with pre-retirement withdrawals to cope with.
Having lost 12% of its value against the US dollar since February, the weaker ringgit may have helped to avert a worse contraction in Malaysian exports this year.
MUCH has been written about Budget 2024. As pointed out by our commentators on this subject, it is not easy to draft a budget for Malaysia amidst the seemingly gargantuan challenges the country faces.
(Image: Bloomberg) The Malaysian ringgit has fallen to its lowest level in 25 years, with the local currency weakened to 4.7750 per US dollar as at the
The promotion of domestic investments takes centre stage in Budget 2024, presenting a clear sign that Prime Minister Datuk Seri Anwar Ibrahim and his Cabinet are serious in restructuring the economy.