The federal government has spent RM223.5 billion on subsidies between 2012 and 2022, equivalent to 8.9% of its total operating expenditure, according to the Economic Report 2023.

Malaysia govt spent RM223.5 bil on subsidies between 2012 and 2022

KUALA LUMPUR (Oct 13): Private investment is likely to grow by 5.4% year on year (y-o-y) in 2024 versus 4.3% estimated for 2023, in line with more favourables business sentiments and improved external environment, said the Ministry of Finance (MOF).

MOF: 2024 private investment to grow by 5.4% y-o-y; public investment up 8.3%

The share of employee compensation (CE) of gross domestic product (GDP) is projected to improve to 33.1% in 2024, from 32.4% in 2023, said the Ministry of Finance (MOF).

Workers’ compensation to improve to 33.1% of GDP in 2024, but lags behind advanced economies — MOF 

Malaysia’s current account balance is projected to register a surplus of RM62.24 billion in 2024 — slightly higher than the estimated RM61.97 billion in 2023 — equivalent to 3.2% of the gross national income (GNI), according to the Ministry of Finance’s (MOF) 2024 Economic Report Outlook.

MOF: Current account balance to record over RM62 bil surplus in 2024, 3.2% of GNI 

KUALA LUMPUR (Oct 13): The total assets of Islamic banking expanded by 8.1% to RM1.29 billion as at end of July this year, accounting for 36.4% of the market share, according to the Ministry of Finance’s (MOF) 2024 Economic Outlook report.

The ministry said the total Islamic financing o...

Islamic banking assets up 8.1% to RM1.3 bil at end July, says MOF

The federal government plans to spend RM90 billion for development in 2024, 7.2% less than the RM97 billion it planned for in 2023, on the back of a lower allocation for the economic sector of RM45.2 billion, compared with RM55 billion previously.

Malaysia plans RM90 bil development spending for 2024, down 7.2% from RM97 bil in 2023

The federal government's debt is projected to be around 64% of GDP as at end-2024 — only 1% away from the 65% statutory debt limit, according to the Ministry of Finance (MOF) in its Fiscal Outlook and Federal Government Revenue Estimates Report.

Federal govt debts anticipated to swell to RM1.26 tril in 2024, 64% of GDP

KUALA LUMPUR (Oct 13): The federal government projects a marginal growth of 1.5% on its revenue for 2024 to RM307.6 billion — a smaller increase compared to 2023, when the pace is estimated at 3%.

Federal govt revenue to grow 1.5% to RM307.6 bil in 2024; lower Petronas dividend

Local sukuk and bonds will play a vital role as the financing instrument for programmes and projects featured in the National Energy Transition Roadmap (NETR), the New Industrial Master Plan 2030 (NIMP 2030) and the mid-term review of the 12th Malaysia Plan, according to the Economic Outlook 2024 report published by the Ministry of Finance (MOF).

Local sukuk, bonds to play vital role as financing instruments for various govt policy framework, says MOF

Malaysia’s unemployment rate is expected to return to the pre-pandemic level at 3.4% in 2024, driven by expectations of better economic growth that should stimulate stronger labour demand and spur more solid growth in employment opportunities, according to the Ministry of Finance (MOF).

Unemployment rate to improve further to 3.4% in 2024, says MOF

Malaysia’s gross domestic product (GDP) is projected to grow within the range of 4% to 5% in 2024, with the growth envisaged to be broad-based led by the services sector, according to the Ministry of Finance (MOF).

MOF forecasts 4% GDP growth for 2023, 4-5% in 2024

It is crucial for the government to relook, reform and redesign the delivery of social assistance, particularly cash transfers to ensure inclusive and equitable protection.

Transforming social assistance delivery to ensure no one is left behind

Household debt grew at a moderate pace of 5.1% as at June this year, largely driven by the purchase of residential properties facilitated by homeownership incentives and the purchase of motor vehicles following the extension of the sales tax exemption and new vehicle registration period, according to the Ministry of Finance (MOF).

Household debt grows 5.1% to above RM1.4 tril in 2023; higher than federal government debts

Expectations of the US Federal Reserve reaching the end of its hawkish stance, coupled with China’s economic recovery, is expected to provide support for the ringgit moving forward, according to the Ministry of Finance's (MOF) 2024 Economic Outlook report.

China’s economic recovery, pause in US rate hike to provide support for ringgit in near future, says MOF

The Edge Billion Ringgit Club (BRC) Awards turns 17 this year. The trust, support and goodwill — accumulated since 2010 — have helped make our simple desire to recognise, honour and celebrate the biggest and the best of Corporate Malaysia into a tradition, perhaps more. The Edge Media Group chairman Tan Sri Tong Kooi Ong thinks we can safely call the Billion Ringgit Club an institution. I agree.

Institutionalising excellence

The Edge Billion Ringgit Club (BRC) Awards 2026 brought together Corporate Malaysia’s leaders and top-performing companies on Sept 23 for an evening of celebration and recognition.

An evening of corporate excellence

Speech by Tan Sri Tong Kooi Ong, Chairman of The Edge Media Group

Let the winners emerge through competition and merit

Sunway Construction Group Bhd (KL:SUNCON) winning the grand award — Company of the Year — at The Edge Billion Ringgit Club (BRC) Awards 2026 marks another milestone for the construction arm of Sunway Bhd (KL:SUNWAY), as the group continues to strengthen its position in an increasingly competitive industry.

Building resilience in an age of disruption

Sunway Construction Group Bhd (KL:SUNCON) garnered yet another recognition at The Edge Billion Club (BRC) Awards this year. But what makes this year’s achievement special is that it took home the grand award — Company of the Year — recognising its strong performance not only financially, but also in corporate responsibility.

Built for growth

Petroliam Nasional Bhd (PETRONAS), the only Malaysian company listed on the Fortune Global 500, took centre stage at the height of the fuel supply crisis in early 2026, when it was tasked with helping to coordinate and secure the country’s fuel supplies, going beyond its normal business activities amid disruptions in West Asia.

More than  Malaysia’s oil-and-gas steward

Growth and responsibility need not pull in opposite directions. Corporate Malaysia’s leading companies are showing that the two can go hand in hand by focusing on environmental, sustainability and governance issues most material to their businesses and stakeholders, and measuring the outcomes to continuously realign their efforts.

Doing what matters, touching lives

As private hospital operators grapple with rising medical costs, KPJ Healthcare Bhd (KL:KPJ) continues to chart a steady growth path.

Growth momentum faces new leadership test

Despite a complex reinsurance landscape marked by rising catastrophe risks, a softening pricing cycle and market volatility, MNRB Holdings Bhd (KL:MNRB) has managed to strengthen its earnings over the last three years, demonstrating remarkable resilience in the face of these challenges.

Record earnings despite headwinds

Solarvest Holdings Bhd (KL:SLVEST) made an emphatic debut at The Edge Billion Ringgit Club (BRC) Awards, sweeping all three trophies in the energy sector, as its rapid growth rides on Malaysia’s ambitious renewable energy (RE) goals.

Solar boom yields hat-trick wins

MARC Ratings has revised the MARCWatch status on Zetrix AI Bhd (KL:ZETRIX) to “negative” from “developing”, citing heightened concerns over transparency, governance and “continued unavailability of material information required for an informed assessment of its credit profile”.

MARC Ratings revises Zetrix AI watch status to 'negative' on governance, disclosure concerns

The Strait of Hormuz will not reopen until seven Iranian conditions set out in a June interim agreement with the US are met, state media reported Iran's parliament speaker Mohammad Baqer Qalibaf as saying on Sunday.

Iran says Strait of Hormuz will not reopen until conditions are met

Malaysia’s semiconductor industry has asked Putrajaya to up reinvestment and research incentives, ease access to skilled foreign talent as well as reduce friction of doing business in Budget 2027 to enable the next phase of growth, as competition for investment intensifies globally.

Chip industry seeks bigger R&D, automation incentives in Budget 2027

Red Bull's Max Verstappen won a chaotic rain-hit Bahrain Grand Prix in Malaysia on Sunday for his first victory of the season after the race start was delayed by more than 90 minutes due to treacherous conditions at the Sepang International Circuit.

Verstappen wins chaotic rain-delayed Bahrain Grand Prix 

Transport Minister Anthony Loke Siew Fook is scheduled to speak on the suspension of My E.G. Sdn Bhd and Zetrix AI Bhd (KL:ZETRIX) as the Road Transport Department's (JPJ) collection agents 11am Monday (Oct 5) morning.

Loke to address MyEG and Zetrix AI suspension as JPJ agents Monday

Opec+ has agreed in principle to keep oil production targets steady for November, three sources close to the matter said ahead of the group's meeting on Sunday.

Opec+ agrees in principle to keep November oil output targets steady — Reuters

Eastern &amp; Oriental Bhd (KL:E&amp;O) is on course to hit fresh record earnings this financial year ending March 31, 2027 (FY2027). The premier lifestyle property developer started the year on a strong note, driven by higher revenue recognition and sustained sales momentum despite rising raw material costs.

Looking beyond homes as healthcare adds to growth run

KSL Holdings Bhd (KL:KSL), one of Johor’s most established property developers, has quietly become one of the more compelling growth stories on Bursa Malaysia — driven by both favourable regional tailwinds and a second generation of family leadership stepping confidently into senior management.

Second generation takes the lead

As the backbone of the nation’s digital infrastructure, Telekom Malaysia Bhd (KL:TM) has been well positioned to benefit from the sustained growth in data consumption and the rising influx of data centre investments.

Connecting Malaysia’s digital transition

KLCCP Stapled Group (KL:KLCC) — Malaysia’s largest real estate investment trust (REIT) and custodian of the PETRONAS Twin Towers, Menara ExxonMobil, Menara 3 PETRONAS, Suria KLCC and Mandarin Oriental Kuala Lumpur — has just wrapped up another year of record financial performance.

Staying robust on tourism push

Maxis Bhd (KL:MAXIS) takes home The Edge Billion Ringgit Club (BRC) corporate award for highest return on equity (ROE) over three years this year — ending a five-year drought from the winners’ list.

Ending a five-year drought with maiden sectoral win

Returning to the winners’ list after a one-year hiatus, CelcomDigi Bhd (KL:CDB) takes The Edge Billion Ringgit Club (BRC) award for Highest growth in profit after tax over three years in the Telecommunications &amp; Media sector this year.

Seasoned player makes a comeback on winners list

Frontken Corp Bhd (KL:FRONTKN) is no stranger to The Edge Billion Ringgit Club (BRC) Awards, having built a strong financial track record among Bursa Malaysia’s technology companies.

Disciplined growth keeps returns shining

Having marked its 40th anniversary in 2025 with another record financial performance and its first The Edge Billion Ringgit Club (BRC) corporate award, VSTECS Bhd (KL:VSTECS) has set a high bar for itself for the decade ahead.

Digital-future enabler seeking ‘optimum returns’

IGB Real Estate Investment Trust (KL:IGBREIT) has built a reputation for keeping its malls well occupied, growing rentals and continually refreshing its retail offerings to attract shoppers.

Mid Valley Southkey expands growth runway

It is the third consecutive year that Matrix Concepts Holdings Bhd (KL:MATRIX) is taking home The Edge Billion Ringgit Club (BRC) award for Highest return on equity (ROE) over three years among property companies below RM3 billion market capitalisation, underscoring its consistency and strategic execution.

A strong boost from Vision Valley City

Sunway Construction Group Bhd (KL:SUNCON) winning the grand award — Company of the Year — at The Edge Billion Ringgit Club (BRC) Awards 2026 marks another milestone for the construction arm of Sunway Bhd (KL:SUNWAY), as the group continues to strengthen its position in an increasingly competitive industry.

Spritzer Bhd’s (KL:SPRITZER) debut at The Edge Billion Ringgit Club (BRC) has been a rewarding one. The bottled water producer clinched its first award for Highest returns to shareholders over three years in the consumer products &amp; services sector after its adjusted share price more than tripled during the award assessment period.

Making a splash with a maiden win 

Sunway Construction Group Bhd (KL:SUNCON) garnered yet another recognition at The Edge Billion Club (BRC) Awards this year. But what makes this year’s achievement special is that it took home the grand award — Company of the Year — recognising its strong performance not only financially, but also in corporate responsibility.

The Edge Billion Ringgit Club (BRC) Awards turns 17 this year. The trust, support and goodwill — accumulated since 2010 — have helped make our simple desire to recognise, honour and celebrate the biggest and the best of Corporate Malaysia into a tradition, perhaps more. The Edge Media Group chairman Tan Sri Tong Kooi Ong thinks we can safely call the Billion Ringgit Club an institution. I agree.

Economic Report 2023/2024

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Economic Report 2023/2024

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