Sign up | Log in



Related Stories

December 3, 2008
Malaysia trims fuel prices amidst slowing economy 

November 29, 2008
Malaysia: Slow growth may lead to rate cuts again

November 22, 2008
Cheaper oil eases Malaysian inflation

November 18, 2008
Malaysia slashes fuel costs by 7% 

November 16, 2008
Malaysia faces no recession, currency to rise – central bank

November 15, 2008
Coping with Global Slowdown:
Malaysia to scrap import duties

November 13, 2008
Malaysia’s $870m highway plan shelved over funding woes

October 15, 2008
Malaysia plans fuel price cuts to boost economy

October 13, 2008
Malaysia Power Struggle:
Opposition leader to challenge govt over economy

September 24, 2008
Report: Fuel price hike hits vehicle sales in Malaysian

September 14, 2008
Economic stimulus
Thailand, Malaysia spend billions to boost economy

August 30, 2008
Malaysia’s PM unveils popular budget  



December 7, 2008

Malaysia: Fiscal boost to fend off recession
Malaysia's near $2 billion fiscal stimulus will start to boost the economy from the first quarter of next year and the government does not expect the country to slide into recession, Reuters quoted a government minister as saying.

Despite a downturn in global growth and an unexpected fall in exports in October, Malaysia's government still expects 3.5 percent growth in 2009, Second Finance Minister Nor Mohamed Yakcop told journalists on Saturday.

"The trick is to implement these measures very quickly so that the impact is there in the next few months," he said.

"At this point of time, there is no possibility, from our calculations, that we will enter recession in 2009."

The government's forecast is higher than that of many banks. UBS sees no growth in Malaysia in 2009 while Malaysian investment bank RHB is forecasting 1.5 percent.




Home | About Us | Contact Us | Special Feature | Features | News | Magazine | Events | TV | Press Release | Advertise With us

Our Products | Work with us | Terms of Use | Site Map | Privacy Policy | Refund Policy | Shipping/Delivery Policy | DISCLAIMER |

Version 5.0
Copyright © 2007-2015 TIME INTERNATIONAL MANAGEMENT ENTERPRISES CO., LTD. All rights reserved.
Bangkok, Thailand