1998-1999 _2766 Malaysia's economic development tr

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1998-1999 trend of economic development in Malaysia

amodal the company's financial assistance to equity ratio will be increased to 9% Danaharta company set up from June 1998 to play the half-year period at the end of l998 they acquired horses 8l billion yuan of NPLs and l16 million yuan of NPLs MA placed under the control of its management, handling 22% of the banking system NPLs. On the other hand, Danamodal company has nine financial institutions to provide a 4.6 billion ringgit of funds into the Malaysian government scheduled for the end of 1999 dealing with financial institutions is not clear imperial claims issues. Results six months ahead in June 1999 to achieve the original goal. The Government of Malaysia has also established a Banks from 22 into 16. Finance: Financial balance into a deficit revenue and expenditure of the Federal Government of Malaysia since 1993, after the continued holding of the annual surplus. But the year 1998, it was an 5O billion ringgit deficit (equivalent to 1.8% of GDP). Because of the recession, revenue decreased 13.7% compared with the year 1997, has significantly decreased: on the other hand, in the fiscal expenditure, recurrent expenditure though the year decreased compared to 1997, but since mid-1998 due to relaxation of the policy of fiscal austerity, to stab Xi economic recovery, development expenditure has significantly increased over the 1997 expenditure increased 44% l998 lO released last month in fiscal year 1999 budget, the budget revenue will be further The _ reduced, but spending was 63.3 billion ringgit budget increase, (over the previous year increased by 2.5%), this is expected to be a l61 billion ringgit deficit (equivalent to 6% of GDP .) The deficit further. Yang Wei in the translation of The Government of Malaysia has been actively working hard to promote economic recovery. Results. The financial industry began with a number of economic stability, signs of recovery, export trade (in dollar terms) are also rising trend emerged, I998 significant retreat on the economic recovery is expected to do. In 1999 the Government of Malaysia's economic growth rate forecast of 1%, 5% in 2000. But because of restrictions on capital transactions, the medium-term impact of such policies also Malaysia's future economic development trends in the future with some unstable factors in the movement of the Malaysian economy is still worthy of attention. A forecast of economic growth, the Asian Development Bank forecasts: 1999 0.7% o, 2000 of 27%: International Monetary Fund forecast: 1999 0.9% 2000 2%. Second, trade and direct the movement of capital investment (a) a huge balance of payments and trade goods, Malaysia's trade balance Gu poor (Customs clearance figures. Dollars) has been held since 1994 deficits, but on the import trade, l998 drastically reduced. The decrease was larger than the reduction rate of the export trade, instead there's a huge surplus of 14.89 billion U.S. dollars accounted for about 50% of the total exports for the substantial reduction in exports to Asia, growth in 1997 than in 1996, O3%, 1997, 1998, less than 6.9%. Export items from view, electronic equipment and parts, palm oil exports to some major industrial products, although the increase. However, the semiconductor, wireless radio, television and other electrical appliances, led by machinery and chemical products, fiber products, it tends to reduce exports. On the other hand,[link widoczny dla zalogowanych], import volume in 1997 increased over 1996 O. 2% in 1998, after the drastic devaluation of the currency caused severe economic recession and weak domestic demand and other reasons, a significant reduction 25.9%; to see items imported goods, consumer goods and the machinery and metal as the center of the capital reduce the rate of imports of goods particularly large. But a March 1999 l during the same period in l998 export trade volume increased by 4.6%. To positive growth than import trade volume is only reduced by 6.6% over the same period in 1998, a decrease has narrowed. Trade trends are signs of a turnaround. To trading partner countries, the export order to the United States, Singapore, Japan accounted for the host. 1999 Asia-oriented exports, while exports to the U.S. there are smooth growth. On the other hand, sources of imports to order from Japan, the United States, Singapore accounted for the upper