Federal government’s debt hits RM623.3 billion

  The debt of the Federal Government has reached RM623.3 billion as of 30 September 2015, representing 53.7 percent of Malaysia’s Gross Domestic Product (GDP), according to Deputy Finance Minister Datuk Johari Abdul Ghani as reported in Bernama. “Of this amount, 96.4 percent or RM601.1 billion is domestic debt, with the balance of RM22.2 billion … Read more

Zeti: Malaysian Ringgit will bounce back

Currency depreciation against the US dollar is not only happening in this country, according to Bank Negara Malaysia (BNM) Governor Tan Sri Dr Zeti Akhtar Aziz in a report from Bernama. As of noon today, 1 US dollar is equivalent to 4.23 Malaysian ringgit, down from RM4.25 in the corresponding period on Thursday. While this … Read more

Malaysia’s Ranking In Economic Freedom A ‘Big Success’

Malaysia’s improved ranking in the Economic Freedom of the World report, from 74th place in 2014 to 58th place this year, was a ‘big success’. The report was released by the Institute for Democracy and Economic Affairs (IDEAS) along with Canada’s Fraser Institute. Based on data from 2013, which is the most recent year available, … Read more