KUALA LUMPUR: With many manufacturers expecting a long road to recovery for their businesses to return to pre Covid-19 levels, more layoffs in the Malaysian manufacturing sector could be seen in the coming months. This is according to a recent survey by the Federation of Malaysian Manufacturers (FMM) and Malaysian Institute of Economic Research (MIER). […]
Read MoreThe government will introduce more stimulus measures to revive the economy hit by Covid-19 and restore investor confidence, Deputy Prime Minister Supattanapong Punmeechaow said on Wednesday. He said the additional measures are aimed at boosting domestic tourism and consumption as well as creating an estimated one million jobs for new graduates and unemployed workers, Mr […]
Read MoreThe Ministry of Electricity and Energy announced that it will provide free 150 units of electricity from August 1 to December 31. The ministry said that it is to encourage people who are facing difficulties both economically and morally. The country’s 2020 election is set to hold in November. People will get free electricity of […]
Read MoreSINGAPORE, Aug 19 — The Covid-19 pandemic has worsened wage inequality in Singapore with the lowest-income groups suffering the sharpest drops in their salaries. This is a finding from a DBS study released yesterday which looked at the incomes earned by 1.2 million of its retail customers — Singapore citizens and permanent residents aged 25 to […]
Read MoreThe annual rate of inflation in Myanmar, based on the Consumer Price Index, stood at 7.91 per cent in June 2020, according to a report released by the Central Statistical Organization under the Ministry of Planning, Finance and Industry. The figure has remained above 8 per cent since June 2019. The inflation rate stood at […]
Read MorePETALING JAYA: Malaysia’s benchmark interest rate is currently the lowest on record, but economists think there is a fair chance that it could drop even further. Bank Negara could be prompted to cut the overnight policy rate (OPR) due to concerns that a deep negative output gap may persist in the Malaysian economy, according to […]
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