RM10 million in matching grants will be given out to SMEs, says finance minister

Greenback’s safe-haven currency appeal continues to strengthen amid risk-off sentiment

First RM100,000 earned by such enterprises to only be calculated at 17%, instead of current 15%

Net foreign inflows of RM8.2 bil, locally purchased shares worth RM1.8 bil from Jan-Aug

Higher interbank borrowings also a factor, says Finance Ministry

Outstanding debt reduced to RM25.9 bil following 1MDB Energy Ltd settlement in May 2022

This is due to anticipated lower non-tax collection, says ministry in report

They can finance 5.6 months of imports of goods and services, says central bank

This comes after incident that online payment provider says ‘may’ have compromised users’ credit card data

Central bank predicts more rate hikes needed to rein in soaring prices

Inflation in country set to stand at 23% for financial year 2023, it says

However, energy minister says supply sufficient as petrol company stocked up, 

Move goes against US plan to see softer oil price, says investment bank