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December, 9, 2016

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Business > Asia > Malaysia
Malaysia trimmed its 2015 growth forecast Tuesday and said the fiscal deficit would be bigger than expected after the sharp fall in oil prices hit the petroleum-exporting nation's economic plans.
 
MARC Rating foresees a downward trend in Malaysia's headline gross domestic product (GDP) growth in 2015 to 4.7 percent, which is lower than the government's projection of 5 percent to 6 percent during Budget 2015.
 
Tracking the flow of global investment funds is a tricky business. But the ringgit's recent sharp depreciation against the U.S. dollar has led to suggestions by some economists that as much as 70 billion ringgit (US$20.09 billion) stands to flow out of the country.
 
Despite being a partner in a law firm just outside Kuala Lumpur, Ms. Puteri Mohamad, and her fiance, can only watch as apartments in the area where she lives spiral above 500,000 ringgit (US$153,334).
 
Malaysia economy surges in second quarter
Malaysia's economy grew a better-than-expected 6.4 percent in the second quarter on the back of stronger exports and robust domestic demand, the central bank said Friday.
 
The Malaysia-Singapore high-speed rail (HSR) is a mega project that not only symbolizes the warming of ties between Malaysia and Singapore, but also the increased economic links between the two countries.
 
Shops at a Johor mall popular with Singaporeans experienced a significant dip in business Saturday, a day after tolls went up on the Malaysian side of the Causeway.
 
Hot money is flowing back into Asian economies driven by investors' appetite for risky assets and higher returns, as tension in the Ukraine subsides while the prospects of a slowdown in China raise hope for fresh stimulus.
 
Malaysia to relax some auto sector regulations
Malaysia announced Monday it would allow foreign automakers to build smaller passenger cars in the country, a liberalizing move aimed at repositioning the country as a leader in energy-efficient vehicles.
 
It's probably the one dividend rate most Malaysians will scrutinize. The rate will be dissected, debated and then the verdict from the people will be whether it's satisfactory or poor. That single dividend is what the Employees Provident Fund (EPF) announces yearly. Last year's 6.15% was the highest in a decade, but the challenge that the EPF faces is how to keep that going.
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