Is our Malaysia economy really that Bad?
Around this time last year, we entered 2014 with caution amidst reports of fuel and sugar subsidy cuts and possible increases in toll rates, public transport fares and so on.
This year, we’ve entered a volatile 2015 with oil prices hitting an all-time low and the Ringgit labeled as Asia’s worst performing currency.
DEFINITION of ‘Fiscal Year-End’ or ‘Financial Year Ending’
The completion of a one-year, or 12-month, accounting period.
A firm’s fiscal year-end does not necessarily need to fall on December 31, and can actually fall on any day throughout the year.
The reason that a company’s fiscal year often differs from the calendar year and may not close on December 31 is due to the nature of a company’s needs.
Salvatore Dali, Malaysia Finance
The PM announced that the government is looking for an extra RM400m dividends from government-owned companies. We look at the implications