Key View

• The re-introduction of movement restrictions in Malaysia to curtail the rapid rise in Covid-19 cases will be offset by the extension of the sales tax exemption on new vehicles in 2021.
• The vaccine rollout beginning in February 2021 will instilbconfidence back into consumers and businesses, leading to the resumption of delayed vehicle

Key View: We forecast real household spending in Malaysia to begin to recover in 2021, growing by 11.0% y-o-y, after the Covid-19 pandemic led to an estimated contraction of -4.6% y-o-y in 2020. The Malaysian government has been relatively supportive of households during 2020 and have plans to continue this support into 2021. Our Pharmaceutical &

Key View

• We at Fitch Solutions have revised down our 2021 real GDP growth forecast to 10.0%, from 11.5% previously, to reflect the downside risks posed by the re-imposition of lockdowns in nearly half the country.
• We believe that it is very likely that lockdown measures will last longer than the initial two weeks - the previous lockdown

Key View

• Malaysia’s automotive value chain is set to gain from strong government policy support focusing on higher-value automotive components, and a well-established local electrical and electronics Industry.
• Malaysia outperforms its Asian region and global peers in our Autos Production Risk/Reward Index (RRI) in a number of indicators that

Key View

• We at Fitch Solutions have revised our 2020 real GDP growth forecast to -5.0% from -4.5% previously to account for risks posed to the ongoing recovery by the worsening third wave of Covid-19 infections.
• Domestic demand is likely to remain subdued and drag a recovery that will likely be led by the external sector, through improving

Key View

• Malaysia will increase health insurance premium to reduce financial deficit.
• Most other national health insurance schemes have also raised health insurance premiums amid Covid-19 pandemic.
• Government support for the provision of medical services reinforces the positive outlook for healthcare providers.

Malaysia is set to raise

Key View

• The telecoms regulator will prioritise the expansion of existing 4G and fibre networks over 5G rol-louts, which are now delayed until 2022.
• We view the scenario as positive for operators, given that there is still scope to further monetise existing 4G networks, and migrate 2G and 3G subscribers to 4G.
• The downside is tat Malaysia

Key View

• The ageing profile of the Malaysian population will drive the rising incidence of chronic conditions.
• The pharmaceutical association aims to provide timely delivery of medications for disease prevention and treatment.
• A rising demand for healthcare will necessitate the continued enforcement of cost-containment measures.

Changi

Key View

• We at Fitch Solutions maintain our policy rate forecast at 1.00%, but acknowledge upside risks to this forecast.
• While steadily re-opening, the economy is still under heavy downside pressure from the Covid-19 pandemic and the nascent recovery following the deep contraction in Q220 remains vulnerable and will require more policy