KUALA LUMPUR, Oct 10 — Malaysia’s resilient domestic demand and a larger development expenditure outlined in the second phase of the 12th Malaysia Plan “will underpin robust...
KUALA LUMPUR, Oct 10 — Malaysia’s resilient domestic demand and a larger development expenditure outlined in the second phase of the 12th Malaysia Plan “will underpin robust medium-term growth at 4-5 per cent,” according to Fitch Ratings.”
It said the immediate risks to the stability of Malaysia’s coalition government have eased in the wake of local elections in six states as the ruling Pakatan Harapan and Barisan Nasional bloc and the Opposition Perikatan Nasional bloc each retained three states. “We believe this outcome will be sufficient to ensure the continuity of the coalition in the near term, but BN’s losses may aggravate underlying tensions between the coalition partners over the longer term,” it said in its Asia-Pacific Sovereigns updates.On the upcoming Budget 2024 on October 13, Fitch said it sees subsidy rationalisation measures, although broad and abrupt removal of subsidies is unlikely.
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