Since the ringgit was de-pegged in 2005, it had strengthened by only 1% to end the year 2023 with an average exchange rate of RM4.5605 against the US dollar compared to RM3.7871 in 2005.
The current account balance of the balance of payments is a barometer of how a country earns its income (exports of goods and services) and spends (imports of goods and services).
FISCAL pressures and demographic trends (increasing life expectancy and ageing society) in Malaysia have increased the urgency of reforming our pension system for enhancing fiscal and economic sustainability.
THIS year marks the 50th anniversary of Malaysia and Singapore’s diplomatic ties, which was established on May 31, 1974, and Malaysia became the first country in Asean to establish diplomatic relations with China.
Amid slowing global economic growth and rising interest rates globally, the economy has succumbed to the impact of declining exports and slowing domestic demand, growing by 3.9% in the first nine months of 2023.