Consumer Spending

Malaysia sees increased cross-border transactions via Alipay+ and PayNet
5th most popular destination for Chinese, 6th amongst other Asian tourists Enabled 13 international e-wallets & bank apps for seamless travel experience
Malaysia Focus 2024 – Steady as she goes, says StanChart Bank
Domestic demand to remain a key growth driver with RM expected to outperform Core inflation to remain benign, Bank Negara to maintain Overnight Policy Rate at 3.0%
ICAEW: Resilient economic momentum in Malaysia and SEA, but outlook ahead remains cautious
Oxford Economics projects Malaysian economy to grow by 4.3% in 2023 2024 Budget shows govt exercising fiscal discipline, reduce budget deficit
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Digerati50 2020-2021

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