Highlights

save malaysia!!!

Author: savemalaysia   |   Latest post: Fri, 18 Jan 2019, 07:06 PM

 

Moody's sees increased fiscal challenges in Malaysia

Author:   |    Publish date:


KUALA LUMPUR: Moody's Investors Service sees increased fiscal challenges in Malaysia with the abolishment of the goods and services tax (GST) and introduction of the sales and services tax (SST).

Sovereign Risk Group vice-president and senior analyst Anushka Shah said the GST abolishment in favour of a narrower SST would shrink the government's tax base.
 
“In general, the government's focus on supporting growth and incomes of poorer households is a factor behind a slower fiscal consolidation path than previously projected,” she said in a media webcast in conjunction with the release of Moody's report titled "Sovereigns Asia Pacific 2019 Outlook".

Shah said should the government prioritise growth and provisions to low-income households further, Malaysia's fiscal strength would weaken.

Meanwhile, the just-released report highlighted that commodity exporting countries would be exposed to a sharper-than-expected growth slowdown in China, whether through reduced demand for their exports or lower commodity prices.

“Australia, Indonesia and Malaysia would mainly be exposed should weaker Chinese demand lower prices globally.

“However, we do not expect slower growth in China to materially affect its demand for commodities and other raw materials, given a likely increase in infrastructure spending as the authorities aim to counter the trade shock,” it said.

Moody's forecast median gross domestic product growth rates of 5.5 per cent and 5.2 per cent in 2019 for Asia-Pacific emerging and frontier market economies respectively, while growth in the advanced economies would likely slow to 2.5 per cent.

It said the slower growth would be in line with global trade, but monetary policy and domestic fundamentals would remain supportive. - Bernama 

 

 

 

https://www.thestar.com.my/business/business-news/2019/01/10/moodys-sees-increased-fiscal-challenges-in-malaysia/

 

Share this

  Be the first to like this.
 


 

402  326  492  672 

ActiveGainersLosers
Top 10 Active Counters
 NameLastChange 
 ARMADA 0.22+0.06 
 SAPNRG 0.285-0.005 
 SUMATEC 0.005-0.01 
 MYEG 1.01-0.06 
 BARAKAH 0.08+0.02 
 NEXGRAM 0.020.00 
 IRIS 0.15+0.005 
 XINGHE 0.045+0.005 
 KNM 0.09+0.01 
 ECONBHD 0.515+0.045 

TOP ARTICLES

1. 火中取栗拼油气(下) 菜鸟必学7招/冷眼 【冷眼专栏】漫漫投资路
2. 当遇上基本面投资法(上) “反向”战略非唱反调/冷眼 【冷眼专栏】漫漫投资路
3. Stocks on Radar - AirAsia Group (5099) AmInvest Research Reports
4. FPI FY19 revenue growth expected to hit 15% FPI 2大因素前景看好台灣聯友今年再 尋突破
5. [转贴] 真实还原97亚洲金融风暴,韩国从暴富到破产仅用时7天! Good Articles to Share
6. Stocks on Radar - Elsoft Research (0090) AmInvest Research Reports
7. THE PERCEPTION OF P/E or: How I learned to fear my Wife the bursa journey that worked for me. 2000-2019
8. JAKS Resources Berhad - RM25.5m P&L Hit PublicInvest Research
Partners & Brokers