[KUALA LUMPUR] Malaysia’s economy shrank 4.5 per cent in the third quarter, losing its second quarter bounce, data released on Friday (Nov 12) showed, but the central bank expected a quick recovery as coronavirus restrictions are eased and economic activities resume. The contraction was markedly worse than the median forecast for a 1.3 per cent contraction from […]
Read MoreKUALA LUMPUR, Nov 12 ― Malaysia’s Current Account Balance (CAB) recorded a surplus of RM11.6 billion in the third quarter of 2021 (Q3 2021) compared to RM14.4 billion in the previous quarter (Q2 2021), the Department of Statistics Malaysia (DOSM) said. Chief statistician Datuk Seri Mohd Uzir Mahidin said the narrowing current account surplus in […]
Read MoreThe Malaysian e-commerce market, one of the fastest growing in the Southeast Asia, is expected to register a strong growth of 10.6% in 2021 due to an accelerated shift towards online shopping among consumers caused by the COVID-19 pandemic, forecasts GlobalData, a leading data and analytics company. Nikhil Reddy, Payments Senior Analyst at GlobalData, comments: […]
Read MoreKUALA LUMPUR, Nov 12 ― The ringgit appreciated by 0.9 per cent against the US dollar as of November 9 (since October 1), broadly in line with the trend in other regional currencies, Bank Negara Malaysia governor Datuk Nor Shamsiah Mohd Yunus said. She said the local note was further supported by an improved domestic […]
Read MoreKuala Lumpur — Malaysia will reopen its borders to international visitors by January 1 at the latest, a government advisory council said on Thursday, as the country seeks to revive its ailing tourism sector. The Southeast Asian country has gradually reopened its economy in recent weeks as coronavirus infection rates have slowed amid a ramped-up vaccination program. More than three-quarters of […]
Read MoreBogor. Indonesia and Malaysia agreed on Wednesday to implement the travel corridor arrangement that will allow the flow of vaccinated people between the two neighbors and help accelerate economic recovery during the Covid-19 pandemic. The mutual border reopening agreement was reached during a meeting between President Joko “Jokowi” Widodo and visiting Malaysian Prime Minister Ismail Sabri […]
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