Despite facing fiscal challenges, the country’s financial sector remains healthy and monetary sector is stable, said Finance Minister Lim Guan Eng during his Budget 2019 speech today.

“Sustainable economic growth must be maintained to improve economic well-being, and the higher revenues generated will also help to address our public finances,” he added.

Standard Chartered Malaysia welcomes the government’s targeted measures as spelt out in the Budget 2019 to enhance the well-being of the rakyat, particularly the lower income group. 

Abrar A. Anwar, Managing Director and CEO, of Standard Chartered Malaysia, says Budget 2019 reflects significant strategies and initiatives to address the need of the rakyat, especially those in the Bottom-40.

Despite uncertainties in the global economy, the Pakatan Harapan Government expects GDP to grow 4.9% in 2019, according to Finance Minister Lim Guan Eng during his Budget 2019 speech just now.

For this year, real GDP is forecast to expand 4.8%, after it grew by 4.9% in the January-June period.