by Faiz Riziq | Mar 4, 2025 | Ekonomi, Perniagaan & Korporat, Fakta & Informasi, Kewangan, Keberhutangan & Pelaburan, Luar Negara, English & Other Country
The Malaysian government remains steadfast in its commitment to reducing the fiscal deficit, projecting a decline to 3.8% by 2025. Finance Minister II, Datuk Seri Amir Hamzah Azizan, emphasized that the Madani government is dedicated to a gradual and consistent approach in lowering the deficit rate—from 5.5% in 2022 to 5% in 2023, followed by 4.1% in 2024.
This strategic deficit reduction is accompanied by a decrease in new debt issuance, with government borrowings reducing from nearly RM100 billion in 2022 to RM92.6 billion in 2023, and further down to approximately RM77 billion in 2024. The government’s efforts are aligned with ensuring the debt-to-GDP ratio remains below 60%, reinforcing economic stability.
Achieving Fiscal Responsibility for a Stronger Economy
According to Datuk Seri Amir Hamzah, the government is on track to meet the fiscal targets outlined in the Public Financial Act and Fiscal Responsibility Act (FRA) 2023. The aim is to achieve a 3% deficit by the end of 2028, reinforcing sustainable financial management practices.
To support this goal, the government plans to reduce development expenditure allocation to RM86 billion under Budget 2025. However, economic growth will still be stimulated through:
- Public-Private Partnership (PPP) Projects valued at RM9 billion.
- Direct Domestic Investments by Government-Linked Investment Companies (GLIC) amounting to RM25 billion.
This strategic approach increases public investment to RM120 billion for 2025, ensuring continuous economic growth while maintaining prudent financial management.
The government’s strong fiscal policies and responsible debt management highlight its dedication to long-term economic stability. With these measures in place, Malaysia is poised to achieve a healthier financial outlook while fostering growth and investment in key sectors.
by Faiz Riziq | Feb 27, 2025 | Ekonomi, Perniagaan & Korporat, Fakta & Informasi, Kewangan, Keberhutangan & Pelaburan
Tahun 2024 menyaksikan cabaran besar bagi syarikat minyak dan gas negara, Petronas, apabila keuntungan bersihnya mengalami penyusutan sebanyak 32%. Dari keuntungan RM80.7 bilion pada tahun sebelumnya, syarikat ini hanya mencatat RM55.1 bilion pada tahun ini.
Keadaan ini turut memberi kesan kepada pendapatan keseluruhan Petronas yang mencatatkan RM320 bilion, menurun sebanyak 7% berbanding tahun lalu. Menurut pihak pengurusan, penurunan ini berpunca daripada ketidaktentuan pasaran global serta tekanan kawal selia yang memberi impak kepada operasi syarikat.
Namun begitu, Petronas masih mampu mengekalkan kestabilan kewangan berkat kepelbagaian portfolio yang dimilikinya. Langkah strategik ini membantu syarikat untuk terus kukuh dalam menghadapi cabaran industri yang semakin kompleks.
Meskipun berdepan dengan penurunan keuntungan, Petronas tetap komited dalam menyalurkan dividen kepada kerajaan sebanyak RM32 bilion, jumlah yang sama seperti tahun sebelumnya. Ini menunjukkan bahawa syarikat tersebut masih berdaya saing dan mampu memberikan sumbangan signifikan kepada ekonomi negara.
Dengan strategi yang mampan dan pengurusan risiko yang berkesan, Petronas dijangka terus menyesuaikan diri dengan perubahan pasaran global sambil mengekalkan peranan utamanya dalam sektor tenaga negara.
by Faiz Riziq | Feb 25, 2025 | Ekonomi, Perniagaan & Korporat, Kewangan, Keberhutangan & Pelaburan, Luar Negara, English & Other Country
The aviation industry in Malaysia is set for a significant transformation with the partnership between Menzies Aviation and MMAG Sky Services Sdn Bhd. This collaboration aims to introduce international expertise, expand business operations, and elevate service quality within the sector, according to Transport Minister Anthony Loke.
Menzies Aviation has officially secured its ground handling licence from the Malaysian Aviation Commission (Mavcom), effective November 1, 2024, enabling the company to commence operations in Malaysia.
Enhancing Ground Handling Services
Speaking at the launch of Menzies Aviation Malaysia, Loke highlighted the importance of this collaboration in strengthening Malaysia’s position as a regional aviation hub.
“Menzies is a company with a long-standing history, and we believe their presence in Malaysia will introduce international best practices. We look forward to their growth and the improvements they will bring to our aviation industry,” he said.
Currently, Menzies is partnering with MMAG Sky Services to handle ground operations, focusing primarily on the cargo segment.
A Global Aviation Leader Arrives in Malaysia
Founded in 1833, Menzies Aviation has established itself as a world-leading ground handler, operating in over 265 airports across 55 countries. The company serves more than 500 customers globally, offering services such as ground handling, air cargo management, and aircraft fuelling. Their mission is to enhance aviation safety, efficiency, and reliability worldwide.
Raising KLIA’s Global Standing
Darren Masters, Menzies Aviation’s Executive Vice President for Oceania & Southeast Asia, expressed the company’s excitement about entering the Malaysian market, noting the nation’s well-developed aviation infrastructure.
“The aviation industry here already operates at a high level. We aim to build upon this strong foundation and bring further enhancements,” Masters said.
He also emphasized Menzies’ commitment to making Kuala Lumpur International Airport (KLIA) one of the top global airports.
“We want to start small, establish our footing, and then expand. Ultimately, we aspire to become a key player in Malaysia’s aviation industry,” he added.
Investment in Infrastructure and Future Growth
One of the key areas identified for improvement is upgrading airport equipment to meet international standards. Masters acknowledged that some current airport equipment may not be at the level required for optimal efficiency and consistency.
“We are assessing how we can contribute to improving the infrastructure at KLIA. Over time, we plan to invest in new equipment, which will enhance overall service quality across the network,” he explained.
Malaysia was chosen as one of Menzies’ Tier 1 expansion countries due to its strong infrastructure, skilled workforce, and welcoming business environment.
Long-Term Commitment and Licence Renewal
Menzies Aviation has been granted a 12-month operating licence. However, Masters is confident in securing a renewal based on the company’s performance.
“If we deliver high-quality services, I’m sure the authorities will see our value and extend our licence. It’s up to us to prove that we deserve to stay,” he said.
A Strategic Partnership for the Future
The establishment of Menzies Aviation (Malaysia) Sdn Bhd marks a significant milestone in Malaysia’s aviation industry. This joint venture between Menzies Aviation and MMAG Sky Services—a subsidiary of MMAG Aviation Consortium Sdn Bhd under MMAG Holdings Bhd—sets the stage for greater advancements in aviation services.
With a focus on efficiency, innovation, and superior service quality, the partnership between Menzies and MMAG is poised to strengthen Malaysia’s standing in the global aviation landscape, creating new opportunities and driving the industry towards greater excellence.
by Faiz Riziq | Feb 24, 2025 | Kewangan, Keberhutangan & Pelaburan, Luar Negara, English & Other Country
The Employees Provident Fund (EPF) has shown an encouraging performance for the third quarter of 2024, raising hopes for higher returns for its contributors. Second Finance Minister, Datuk Seri Amir Hamzah Azizan, stated that based on EPF’s strong financial standing, contributors can expect a better dividend distribution for 2024 compared to 2023.
“If we look at its performance up to the third quarter of last year, it has been very encouraging. By the third quarter, EPF had already earned RM57.5 billion in investment income, surpassing the previous year’s performance.
“This momentum is expected to continue into the fourth quarter. The dividend will be promising, but I cannot disclose the exact figure yet. Just wait for it—it will be better,” he shared with the media after completing the “Larian ASEAN: Trek Kewangan @MOF” event organised by the Finance Ministry (MOF) on Sunday.
Higher Dividends in 2023, Even Better in 2024?
For 2023, EPF declared a higher dividend of 5.50% for conventional savings, up from 5.35% in 2022, with a total distribution of RM50.33 billion. Meanwhile, for Shariah savings, the dividend increased to 5.40% from 4.75% in 2022, with a total distribution of RM7.48 billion. EPF is expected to announce its 2024 dividend rate in early March. Several economists and financial experts have predicted that this year’s dividend could exceed 6%, given the strong investment income reported so far.
Financial Awareness Through Sports
More than 3,700 MOF staff and members of the public participated in the Larian ASEAN: Trek Kewangan @MOF event, held in conjunction with Malaysia’s ASEAN chairmanship in 2025. The event aimed to educate MOF staff and the public about ASEAN’s role and significance to Malaysia and other member nations.
Datuk Seri Amir Hamzah, along with MOF’s top management, completed the three-kilometre category run.
“The run promotes a healthy lifestyle, especially among MOF staff, aligning with the Madani values of well-being, which emphasise balance in life,” he added.
With EPF’s stellar performance, contributors can look forward to promising financial returns, reinforcing the fund’s role in securing Malaysians’ retirement future.
by Faiz Riziq | Feb 24, 2025 | Ekonomi, Perniagaan & Korporat, Fakta & Informasi, Kewangan, Keberhutangan & Pelaburan
Keputusan Presiden Amerika Syarikat (AS), Donald Trump, untuk mengenakan tarif 25 peratus terhadap import automotif, semikonduktor, dan farmaseutikal dijangka memberikan kesan besar kepada ekonomi Malaysia. Dengan lebih 60 peratus daripada jumlah dagangan Malaysia dengan AS terdiri daripada eksport elektrik dan elektronik, langkah ini boleh menjadi cabaran serius bagi negara.
Menteri Luar, Datuk Seri Mohamad Hasan, menegaskan bahawa tindakan ini merupakan tamparan hebat kepada Malaysia dan ASEAN jika tidak ditangani segera. Justeru, ASEAN bercadang untuk mengadakan Sidang Kemuncak Khas ASEAN-AS bagi membincangkan perkara ini dengan pentadbiran baharu AS.
“Kita perlu berbincang bagaimana cara untuk memberikan pandangan daripada negara-negara dalam ASEAN bagi memastikan tarif yang dicadangkan ini tidak membebankan negara,” katanya dalam sesi soal jawab di Dewan Rakyat.
‘Reshoring’ dan Kepentingan ASEAN
Beliau menjelaskan bahawa langkah AS ini adalah sebahagian daripada strategi ‘reshoring’ atau pemindahan kembali operasi perniagaan ke negara asal. Dengan mengenakan cukai yang tinggi, AS ingin menggalakkan syarikat-syarikat besar yang kini beroperasi di luar negara untuk kembali dan menubuhkan operasi di tanah air mereka sendiri.
Dalam konteks ini, ASEAN perlu mengambil langkah proaktif untuk memastikan kestabilan ekonomi serantau. Malaysia dan negara-negara ASEAN harus mencari pendekatan terbaik bagi menangani cabaran yang ditimbulkan oleh dasar baharu AS ini.
Memanfaatkan Sidang Kemuncak ASEAN-GCC-China
Menjawab soalan mengenai sejauh mana Malaysia boleh memanfaatkan Sidang Kemuncak ASEAN-Majlis Kerjasama Teluk (ASEAN-GCC) Ke-2 dan Sidang Kemuncak ASEAN-GCC-China dalam meningkatkan kerjasama ekonomi dan pelaburan, Mohamad Hasan menekankan kepentingan perbincangan tiga hala antara ASEAN, GCC, dan China.
“China merupakan pasaran terbesar, GCC memiliki modal yang kukuh, manakala ASEAN kaya dengan sumber asli. Jika ketiga-tiga blok ini dapat bekerjasama, kita boleh memperkukuh ekonomi intra-ASEAN dan menjadikan ASEAN sebagai ekonomi keempat terbesar dunia menjelang 2030,” jelasnya.
Langkah proaktif dan kerjasama erat antara negara-negara ASEAN, GCC, dan China boleh menjadi jalan penyelesaian bagi mengimbangi kesan tarif AS serta membuka peluang baharu dalam perdagangan global. Dengan strategi yang tepat, ASEAN mampu mengekalkan daya saingnya dalam ekonomi dunia yang semakin mencabar.
by Faiz Riziq | Feb 21, 2025 | Ekonomi, Perniagaan & Korporat, Kewangan, Keberhutangan & Pelaburan, Luar Negara, English & Other Country
Tesla Inc’s potential move to establish a manufacturing plant in Malaysia remains under discussion as the company evaluates its commercial viability amid growing competition in both regional and domestic markets. Investment, Trade and Industry Minister Tengku Datuk Seri Zafrul Abdul Aziz stated that Malaysia’s initial engagement with Tesla in 2023 focused on EV infrastructure, including charging stations and sales operations, while the possibility of a manufacturing facility is still being considered.
Competition in the Southeast Asian EV Market
Several Southeast Asian nations are also competing to attract Tesla, but increasing competition from other EV brands, such as BYD, MG, Great Wall Motor, and Neta, is affecting expansion strategies.
Tesla faces mounting challenges worldwide, as rival brands introduce more affordable and technologically advanced EV models, impacting the company’s sales targets. Zafrul highlighted that Tesla currently has only one manufacturing plant in Asia, and any decision to set up a plant in Malaysia will depend on commercial factors.
Malaysia’s Growing EV Industry
Local automaker Proton Holdings Bhd has also entered the EV space with the launch of its first electric model, the e.MAS 7, in December 2024. Based on the Geely Galaxy E5 platform, the C-segment SUV is priced at RM109,800 for the Prime variant and RM123,800 for the Premium version.
Reports have suggested that Tesla was reconsidering its expansion into Malaysia and Southeast Asia, which initially dampened expectations of a local assembly facility. However, the company continues to strengthen its presence in Malaysia through direct sales and the rollout of its charging infrastructure.
Government Incentives for EV Manufacturers
Malaysia’s Battery Electric Vehicle (BEV) Global Leaders initiative outlines key conditions for foreign EV manufacturers looking to establish a presence in the country. These include:
- Installing at least 50 ultra-fast chargers (above 180kW capacity), with 30% open to the public and compatible with multiple EV brands.
- Partnering with at least 10 local companies to support the development of the domestic EV charging ecosystem.
- Collaborating with local suppliers for EV charger installations and sourcing components such as transformers and cables from Malaysian manufacturers.
With Malaysia positioning itself as a hub for EV innovation, Tesla’s next move remains a highly anticipated development in the region’s automotive landscape.
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