Posted by asean_investor > 2013-10-18 17:55 | Report Abuse

By Marc Djandji, CFA In this article, we are examining some of the economic issues facing Malaysia. The country seeks to embark on its various economic development growth strategies, while trying to come up with solutions to resolve its debt woes. This has been quite a challenging task for Malaysian Prime Minister, NajibRazak as he seeks to outline various plans to boost the economy in Malaysia during the upcoming Budget announcement in Putrajaya, Kuala Lumpur, scheduled for October 25, 2013. Recently, it was reported that Bloomberg News got an exclusive interview with Prime Minister Najib, which was recorded on October 11, 2013 at Putrajaya. Here Prime Minister Najib was quoted as saying that “We’re very closely monitoring how we manage our macro position as well as our fiscal and debt to make sure that we will not be downgraded.” This statement was made as Malaysia has been facing mounting concerns about its debt issues following a Fitch Ratings decision to cut Malaysia’s credit outlook in July, citing rising debt, and lack of budgetary reform. Malaysia, which has a long-term foreign-currency denominated rating of A- at Fitch, has run a continuous annual budget deficit every year since 1998. Read more: http://www.asean-investor.com/how-is-malaysia-confronting-its-present-economic-challenges-given-the-recent-global-turmoil/