Daily Industry News Update (15 July 2022)

Malaysia’s property sector outlook turns bleaker in 2H 2022

WHILE the year started off on a positive note with the property sector poised for a long overdue rebound in tandem with post-pandemic economic recovery, sentiment has nevertheless weakened in recent times.

MARC: Statutory debt ceiling could be lifted to 70%

MARC Ratings Bhd expects Malaysia’s statutory debt ceiling could be lifted by the government again to 70%. Previously the government has lifted the debt ceiling twice, to 60% and subsequently 65% of GDP.