FILTER BY SECTIONS :
SORT BY :
RELEVANT
LATEST
OLDEST
SEARCH IN :
DATE FROM :
TO :
Japan – 3Q GDP – Revised
09/12/2019 09:56 am MYT
T +
T -

In the second estimate, Japan’s 3Q 2019 real GDP growth was revised upward from the first estimate last month. Real GDP rose by a seasonally adjusted annual rate of 1.8%, instead of the 0.2% estimated last month – see figure 1. This was mainly due to stronger private consumption and non-residential investment growth – see table 1. Similarly, on a year-on-year basis, real GDP growth was revised upward to 1.7% from the 1.3% rise estimated earlier.

 

However, due to the negative impact arising from the consumption tax hike, i Capital maintains its forecast for Japan’s economic growth for the whole of 2019 to be in the range of 0.6-1.0%.

 

TOP
Note from Publisher
In conjunction with the 2024 Labour Day celebration, Malaysia’s prime minister announced a salary hike of more than 13% for civil servants, involving an allocation of more than RM10 bln. However, the salary adjustment, which is expected to take effect in Dec, is not automatic. Civil servants who are lazy and non-performing will not enjoy the salary hike. Civil service is often considered as an iron rice bowl. Ironically, due to this feature, civil servants are generally not the most motivated and efficient.

A major weakness of Malaysia’s economy is poor implementation. The country is not short of ideas and economic plans. Yet, poor implementations have seriously weakened the impact of government policies. Tying rewards with performance is essential to enhance the quality of Malaysia’s civil service.

Meanwhile, the discipline should be extended to parliamentarians, including Cabinet ministers, who habitually skip parliament sessions. Lawmakers, whether in the government or the opposition camps, are paid by taxpayers’ money too. They should serve the people diligently by actively participating in the discussion of issues that affect the people and the country’s future. Those who do not perform should not receive the same reward as those who do.
Announcement

Capital Dynamics Sdn Bhd and Capital Dynamics Asset Management Sdn Bhd, being capital market intermediaries licensed by the Securities Commission of Malaysia, are operating as usual in accordance with the Standard Operating Procedures prescribed by the relevant authorities. We will continue to take precautionary measures to protect our employees, clients and other stakeholders. You may reach us at +603-2070 2104 or 2105 or 2106 or email us at cdsb@icapital.biz (investment advisory) or enquiries@cdam.biz (asset management) for any enquiries.

7 Opne announcement
Stock Selections
Corporate News