PETALING JAYA: The ringgit has fallen against most Asean currencies, and not just the US dollar, in the past five years as Bank Negara and successive governments struggled to solve long-term structural issues hammering the ringgit.
Prime Minister Datuk Seri Anwar Ibrahim is out to reform the decades-long bumiputra agenda to weed out undeserving beneficiaries, and while this is a noble intention, it will be a tough nut to crack, analysts say.
All eyes are on the October inflation data due today, as experts anticipate price pressures to continue moderating and to take some burden off the government, whose popularity is tainted by the stubbornly high living costs.
Kuala Lumpur: Malaysia’s economy is expected to maintain its growth trajectory in the second quarter of the year (2Q 2023) albeit at a moderate rate of between 2.9 per cent and 4.2 per cent as high base effect kicks in, according to banks and research houses.
KUALA LUMPUR, Aug 11 Malaysia’s economy is expected to maintain its growth trajectory in the second quarter of the year (2Q 2023) albeit at a moderate rate of between 2.9 per.