Investor Frustration Over Delays In Anwar S Madani Projects


 
Anwar Ibrahim’s Madani economic framework aims to make Malaysia a leader among Asian economies. (Bernama pic)PETALING JAYA: While investors have growing confidence in Malaysia’s policy direction, they remain frustrated by sluggish progress in project implementation, and critical parliamentary and Cabinet approvals for key economic projects, said CGS-CIMB.
In a note today, the research house detected some frustration over a perceived slow start to critical projects under the “Madani Economy” agenda set by Prime Minister Anwar Ibrahim.
Thus, CGS-CIMB has underscored the need to drive key initiatives forward. These include securing approval for an energy exchange and advancing a range of development projects, to propel economic growth and align with the government’s objectives.
Referring to the government’s aggressive development expenditure budget of RM90 billion, CGS-CIMB believes it is imperative that several project awards take place between November 2023 and March 2024, to generate greater confidence that it is “serious about taking the economy to the next level”.
Anwar launched the “Madani Economy: Empowering the People” economic framework on July 27. It aims to restructure the economy to make Malaysia a leader among Asian economies, and ensure the enlarged wealth benefits the people equitably.
It also serves as a foundation for policies such as the National Energy Transition Roadmap (NETR), the New Industrial Masterplan 2030 and the Mid-Term Review of the 12th Malaysia Plan.
CGS-CIMB also noted the Cabinet has given the green light to the energy exchange project. “This is essential to catalysing the NETR.”
“We will be closely monitoring the potential awards for the Pan Borneo Sabah Phase 1B (RM15.7 billion), Sabah Sarawak Link Road (RM7.4 billion), MRT 3 (RM40 billion to RM45 billion), flood mitigation projects (RM11.8 billion) and the Bayan Lepas LRT (RM10 billion),” it added.
Given its greater confidence in policy continuity, the research house has a “double overweight” position on the construction sector. Its top picks include Sunway Construction Bhd, Sunway Bhd, YTL Corp Bhd, IJM Bhd, Malayan Cement Bhd, Muhibbah Engineering Bhd, and HSS Engineers Bhd.
Improved communication
The research house said there was a “general acceptance” that the government has significantly improved its communication of medium-term plans and strategies.
“Several investors were keen to understand the potential areas in which subsidies could be reduced and if major reforms are needed to achieve the government’s 3.5% deficit target by 2025,” it said.
It indicated there are already savings coming from normalising global commodity prices, while targeted subsidies in areas such as electricity, diesel and RON95 are sufficient to consolidate the fiscal balance.
“We also highlighted that the GST (goods and services tax) could be introduced gradually in a phased manner, as the added revenue lift is not needed to achieve the 3.5% target,” it added.
On a more positive note, domestic economy-focussed sectors like utilities and telecoms are now gaining investor interest thanks to the removal of uncertainties and favourable tax rates.
It noted that the consumer discretionary sector displays promise, although concerns about consumer sentiment and inflation are present.
Meanwhile, CGS-CIMB said the property sector had done quite well in the past few months, with the property index up 32% year-to-date. - FMT


Artikel ini hanyalah simpanan cache dari url asal penulis yang berkebarangkalian sudah terlalu lama atau sudah dibuang :

http://malaysiansmustknowthetruth.blogspot.com/2023/11/investor-frustration-over-delays-in.html

Kempen Promosi dan Iklan
Kami memerlukan jasa baik anda untuk menyokong kempen pengiklanan dalam website kami. Serba sedikit anda telah membantu kami untuk mengekalkan servis percuma aggregating ini kepada semua.

Anda juga boleh memberikan sumbangan anda kepada kami dengan menghubungi kami di sini
Anwar Can T Afford To Choose Principles Over Bersatu Mps Support Says Analyst

Anwar Can T Afford To Choose Principles Over Bersatu Mps Support Says Analyst

papar berkaitan - pada 14/11/2023 - jumlah : 247 hits
Political scientist James Chin says the prime minister cannot turn MPs away from his makeshift government while some have questioned what it means for his reform agenda Prime Minister Anwar Ibrahim cannot afford to take a stand against the ...
Wan Saiful Hits Out At Anwar Over Ptptn Repayment Idea

Wan Saiful Hits Out At Anwar Over Ptptn Repayment Idea

papar berkaitan - pada 31/10/2023 - jumlah : 233 hits
The former PTPTN chairman says Anwar Ibrahim had opposed the repayment of loans through salary deductions in 2018 A Perikatan Nasional MP has hit out at Prime Minister Anwar Ibrahim over a proposal to collect student loan repayments through...
Shahidan Files Motion Over Pn Mps Backing Anwar

Shahidan Files Motion Over Pn Mps Backing Anwar

papar berkaitan - pada 9/11/2023 - jumlah : 134 hits
Arau MP Shahidan Kassim urged Dewan Rakyat Speaker Johari Abdul not to reject the motion KUALA LUMPUR Shahidan Kassim has filed a special motion to debate the move by four Perikatan Nasional MPs who have expressed support for Prime Minister...
Video Jimly Ngaku Miris Lihat Kondisi Mk Era Anwar Usman

Video Jimly Ngaku Miris Lihat Kondisi Mk Era Anwar Usman

papar berkaitan - pada 2/11/2023 - jumlah : 94 hits
Sejumlah masalah hakim yang diungkap dalam sidang etik para hakim Mahkamah Konstitusi
Video Ketua Mkmk Jimly Tegas Bisa Pecat Hakim Mk Anwar Usman Dkk Jika Terbukti Langgar Etik

Video Ketua Mkmk Jimly Tegas Bisa Pecat Hakim Mk Anwar Usman Dkk Jika Terbukti Langgar Etik

papar berkaitan - pada 2/11/2023 - jumlah : 139 hits
Keputusan ini bakal diambil bila dalam sidang terbukti Anwar Usman dkk melanggar kode etik
Video Fakta Sidang Mkmk Jimly Temukan Indikasi Anwar Usman Berbohong

Video Fakta Sidang Mkmk Jimly Temukan Indikasi Anwar Usman Berbohong

papar berkaitan - pada 2/11/2023 - jumlah : 121 hits
Dari pemeriksaan terungkap kebohongan Ketua Mahkamah Konstitusi Anwar Usman
Hamas Ucap Terima Kasih Pada Pm Anwar Ibrahim

Hamas Ucap Terima Kasih Pada Pm Anwar Ibrahim

papar berkaitan - pada 2/11/2023 - jumlah : 251 hits
Hamas berterima kasih kepada PM Malaysia Anwar Ibrahim https english palinfo com news 2023 11 1 hamas appreciates official stands refusing to label hamas terrorist
Niilai Putusan Langgar Uu Pemilu Eks Kuasa Hukum Rizieq Beberkan Dugaan Pelanggaran Etik Anwar Usman Cs

Niilai Putusan Langgar Uu Pemilu Eks Kuasa Hukum Rizieq Beberkan Dugaan Pelanggaran Etik Anwar Usman Cs

papar berkaitan - pada 3/11/2023 - jumlah : 142 hits
Hal itu dikatakan Alamsyah Hanafiah saat bersaksi terkait laporan dugaan pelanggaran etik Anwar Usman Cs
Rasa Masakan Korea Soondubu Jigae Beef Di Dubuyo

China S President To Host Official Dinner For Anwar

I Bought A Toy Like Vape Online Mp Tells Dewan Chamber

Drama One Cent Thief 2 Lakonan Syafiq Kyle Azira Shafinaz

Tip Mudah Santan Berketul Jadi Elok Semula Letak Sehelai Daun Ini Saja

Unlocking Savings Expert Tips For Finding Discounted Cigarettes In Australia

Kips Bay Decorator Show House Dallas 2024 An Exquisite Showcase Of Design

India Secebis Kenangan Di India Random Photos


echo '';
Biodata Terkini Penyanyi Illa Sabry Peserta Gegar Vaganza 2024 Musim 11 GV11

Info Dan Sinopsis Drama Berepisod Senyawa iQIYI Malaysia

Info Dan Sinopsis Drama Berepisod Project Projek Exit Astro Originals

Pelajari Asal Usul Nama Makhluk Seram Kisah Fiksyen Barat Yang Terkenal

10 Fakta Filem Kahar Kapla High Council Yang Ramai Tak Tahu Prekuel Drama Project Projek High Council


Kalendar Kuda 2025 Malaysia

Makan Yong Tau Foo Taiping

Layanan Samsat Batam Centre Kemudahan Dan Kecepatan Dalam Pelayanan Pajak Kendaraan

Tanam Cili Dari Biji Benih Cili Di Dapur

Empat Sekawan Dipenjara Tiga Tahun Culik Budak Perempuan

Sub Varian Sars Cov 2 Xec 4 November 2024 Africa Cdc