KUALA LUMPUR (BLOOMBERG) – Malaysian policymakers should consider reintroducing the goods and services tax (GST) at an appropriate time, Economy Minister Mustapa Mohamed said on Thursday (Aug 12). “While the government will always put the people first, when this crisis settles down and things normalise, we must begin to gradually set our economy back on […]
Read MoreKUALA LUMPUR – Malaysia’s economy grew by 16.1 per cent in the second quarter this year, compared with 2020 when a strict movement control order (MCO) was first imposed due to the Covid-19 pandemic. But restrictions since May in a bid to curb a new wave of infections have resulted in the gross domestic product (GDP) declining by […]
Read MoreKUALA LUMPUR: The Malaysian economy expanded by 16.1% in the second quarter (1Q 2021: -0.5%) as the economic performance was supported mainly by the improvement in domestic demand and continued robust exports performance. Bank Negara Malaysia said on Friday the strong growth also reflected the low base from the significant decline in activity during the […]
Read MoreKUALA LUMPUR: Malaysia’s services sector revenue recorded significant growth of 20.5% to RM404.5bil for the second quarter (Q2) compared with the same quarter in the previous year, according to the Statistics Department. However, this is mainly due to the low base effect. E-commerce income, meanwhile, rose 23.3% year-on-year during the three-month period to RM267.6bil as […]
Read MoreA drop in prices and a bigger, better harvest is expected to boost the export of Thai rice to Malaysia, the Department of Foreign Trade said this week. Keerati Rushchano, the department’s director-general, said his agency along with the Thai Rice Exporters Association and Office of Overseas Trade Promotion in Kuala Lumpur held a virtual […]
Read MoreKUALA LUMPUR: The Malaysian economy is expected to grow sharply in the second quarter from a low base in the year-ago period, but COVID-19 lockdowns will hamper growth, according to economists polled by Reuters. The economy is seen growing 14.3% year-on-year between April and June, according to the median estimate of a Reuters poll of […]
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