(Reuters) - Cisco Systems is set to invest in Coreweave, valuing the cloud services provider at $23 billion, according to a Bloomberg News report on Thursday, citing people familiar with the matter.
PETALING JAYA: The possibility of the government missing its 2025 fiscal deficit target cannot be ruled out.
“We also price in an increase in operating expenditure of 2.9% y-o-y to RM314bil and major spending reduction coming from lower subsidy spending. However, part of the savings will likely be offset by higher spending on emoluments following the revision in public servant wages,” CGSI Research said in a report yesterday.
“Hence, the need for constitutional reforms which introduce compulsory balanced budgets is needed,” he told StarBiz. Meanwhile, economist Geoffrey Williams said it is likely that Budget 2025 will be larger because of commitments already announced including higher civil service salaries and pensions and allocations to Sabah and Sarawak.
“Additionally, we will also look out for commitments related to subsidy rationalisation and the savings from that measure. The new minimum wage and the scope of the progressive wage policy to raise incomes and address the cost of living are also points of interest,” he said.
Fiscaldeficit Budget2025 Revenuegrowth Taxreform Economicuncertainty Governmentspending Oilpricesimpact Publicfinance
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