KUALA LUMPUR: MIDF Research is maintaining its forecast for Malaysia’s gross domestic product (GDP) performance at -4.8% in 2020. In a note yesterday, the research house said the economy was set to continue improving, based on current developments and indicators. “However, we expect it to be on a gradual term as the sentiments are still […]
Read MoreDespite Covid-19, the forestry obtained total export turnover of $13 billion worth of timber and wooden exports this year. Nguyen Quoc Tri, director general of the Vietnam Administration of Forestry, revealed at events held on the 75th anniversary of the forestry sector that the sector has been growing rapidly in recent years, topping the top […]
Read MoreGradual and uneven economic recovery could affect financial stability among businesses and households in the period ahead, says the edited minutes of the Bank of Thailand’s Monetary Policy Committee (MPC). Financial positions of business have become more fragile, particularly for tourism-related businesses as economic activities remain much lower than the pre-pandemic level, according to the […]
Read MorePETALING JAYA: Malaysia’s November manufacturing purchasing managers’ index (PMI) fell to 48.4 from 48.5 in October, according to IHS Markit data. According to Bloomberg, the index was down from 49.5 a year ago and it was the lowest reading since May this year. “Output falls to 46.3 vs 47 in October. Lowest reading since May […]
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