Malaysia must hurdle debt-to-GDP ratio woes
Trade Minister warned that it should not exceed the 55% ceiling mark.
According to OCBC, Malaysia Trade Minister Mustapa said that the government’s current challenge is to ensure that debt/GDP ratio doesn’t exceed the 55% threshold, and thus, there is a need to cut fiscal deficit.
"Singapore’s Ascendas announced that it will team up with Malaysia’s UEM Land Holdings to build a USD 1.2bn industrial part in the Iskandar region. Meanwhile, Malaysia Airports Holdings CFO said that KLIA is currently 65% complete and will commence operations on May 1 next year," OCBC added.