KUALA LUMPUR (Oct 23): The median home value in Malaysia has hit the RM300,000 mark in the first half of 2015 (1H15), with Selangor, Penang, Sabah and Sarawak continuing to exceed the average price since 2004.

Preliminary data for the second quarter of 2015 showed the Malaysian Housing ...

Average cost of Malaysian homes hits the RM300,000 mark in 1H15

KUALA LUMPUR (Oct 23): The government expects revenue from the goods and services tax (GST) to increase to RM39 billion next year — from RM27 billion this year — and will constitute 3.1% of the nation's gross domestic product, according to the Economic Report 2015/2016.

The inc...

Malaysia’s GST revenue to increase to RM39 billion in 2016

KUALA LUMPUR (Oct 23): The federal government expects to reduce the nation's fiscal deficit to 3.1% of gross domestic product (GDP) in 2016 from 3.2% this year, the Economic Report 2015/2016 stated.

This is on the back of fiscal reform initiatives, which include rationalisation...

Fiscal deficit to be reduced to 3.1% of GDP in 2016

KUALA LUMPUR (Oct 23): Malaysia's current account balance is set to post a lower surplus of 1.5% to 2.5% of gross national income (GNI) this year and at 0.5% to 1.5% in 2016, on the back of a weak ringgit, plunging commodity prices and softer external demand.

The current account surplus...

Malaysia’s current account surplus to shrink

KUALA LUMPUR (Oct 23): The government has identified 11 projects under the carve-out and compete programme to ensure a minimum of 50% bumiputera strategic participation in mega projects of RM500 million and above, as of June 2015.

These projects include MRT Sungai Buloh-Kajang Line (MRT...

Continued empowerment for bumiputera agenda

KUALA LUMPUR (Oct 23): Export earnings of commodities plummeted by 15.7% to RM96.93 billion from January to August 2015, compared with a growth of 8% to RM115.05 billion in the same period last year, due to falling global prices and weakened demand.

Receipts from agriculture goods fell ...

Commodities export earnings plunge 15.7% on weak demand, low prices

KUALA LUMPUR (Oct 23): The Malaysian government has set out reduced expenditure targets in the new Medium-Term Fiscal Framework 2016 to 2018 (MTFF) to ensure the nation meets its fiscal consolidation commitments, and expects its mid-term fiscal deficit to average 2.7% of GDP within the three-year...

Govt to cap opex at 17.1% of GDP for 2016-2018

Berkshire Hathaway Inc posted a record quarterly profit on Saturday, boosted by strength in its insurance operations, and appears to have sold a significant number of Apple shares as its cash stake swelled to US$189 billion (RM895.86 billion).

Berkshire has record profit, cash soars to US$189b as Apple stake sinks

Communications Minister Fahmi Fadzil on Saturday said the Cabinet has not discussed about a price hike for petrol and diesel yet.

Fahmi: Foreign media reports not true as Cabinet yet to discuss price hike for petrol and diesel

Hong Kong issued its first red rainstorm warning of the year on Saturday as downpours caused flooding in areas of the territory, shutting roads and disrupting public transportation.

Hong Kong issues 2024’s first red storm signal amid flooding

Indonesia will permanently relocate the entire population of an island in North Sulawesi province because a volcano is threatening their safety.

Indonesia’s Ruang becomes ghost island as volcano erupts

The flight instructor and trainee of the Cessna 172 (9M ADA) type training aircraft which crashed in an oil palm plantation in Besout 2 Tambahan plantation, Sungkai near here have been identified as Captain Shahrul Imran Surea, 26, and Ho Jia Lee, 20.

Survivors of Sungkai plane crash identified

The Civil Aviation Authority of Malaysia (CAAM) has confirmed that a Cessna 172N Skyhawk aircraft with the registration number 9M-ADA crashed near Felda Gunung Besout, Sungkai, Perak on Saturday.

CAAM confirms Cessna 172N Skyhawk aircraft crashed near Felda Gunung Besout

The Melaka state government is setting its sights on bolstering its local business landscape by encouraging more companies in the state to be listed on Bursa Malaysia.

Melaka aims to boost local businesses, eyes more listings on Bursa Malaysia

The government is currently studying the proposal from marine robotics company Ocean Infinity to resume the search for Malaysia Airlines Flight MH370, which went missing while en route to Beijing 10 years ago.

Loke: Govt studying Ocean Infinity's proposal to resume search for MH370

Construction work on the East Coast Rail Link (ECRL) project in Kelantan, Terengganu, Pahang and Selangor has reached an average of 65% as of April, said Transport Minister Anthony Loke.

Progress of ECRL project in four states reaches 65%, says Loke

A training aircraft crashed in the Besout 2 Tambahan plantation area in Sungkai on Saturday.

Light aircraft crashes in Sungkai, two passengers survive

<p>Berkshire Hathaway Inc posted a record quarterly profit on Saturday, boosted by strength in its insurance operations, and appears to have sold a significant number of Apple shares as its cash stake swelled to US$189 billion (RM895.86 billion).</p>


Economic Report 2015/2016

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