PETALING JAYA: After months of business disruptions and operating at reduced capacity, businesses in Malaysia are finding it harder to stay afloat if Covid-19 restrictions are prolonged. Industry groups are appealing to the government to allow all businesses, regardless of the states they are based in, to operate at full or increased capacity if a […]
Read MoreKUALA LUMPUR: CGS-CIMB Equities Research has highlighted potential earnings risks for the real estate investment trust (REIT), manufacturing, gaming, consumer and tourism-related sectors in the current 2Q21 results season. In its strategy note on Wednesday, the research house cited the disruptions in operations due to the movement controls to curb the Covid-19 pandemic as it […]
Read MoreMalaysia’s economy probably contracted during the second quarter of the year as Coronavirus restrictions hit consumer spending. Its gross domestic product (GDP) contracted 0.2 percent compared with the first quarter, according to Moody’s analytics. GDP rose 2.7 percent over the second quarter. “Although recovering external demand and higher commodity prices have supported export-oriented manufacturers, movement […]
Read MoreKUALA LUMPUR: Malaysia recorded an increase in the unemployment rate in June this year due to the impact of the tighter restrictions to curb the spread of the Covid-19 pandemic. The latest data by the Statistics Department showed June unemployment rose by 4.8% to 768,700 from 4.5% in May after four consecutive months of decreases. […]
Read MoreKUALA LUMPUR: Malaysia’s industrial production index (IPI) increased by 1.4% in June this year,, as higher mining output offset the declines in electricity and manufacturing and exceeding the forecasts by Bloomberg and Reuters. The improvement in the June IPI bucked a Bloomberg survey of a 1.5% contraction while Reuters’ survey of 10 economists expected the […]
Read MorePETALING JAYA: Consumer sentiment is expected to take a hit before rebounding by year-end as the labour market continues to remain weak, fuelled by restrictions arising from the more infectious Covid-19 variants. The Consumer Sentiment Index (CSI) suffered a pullback in the second quarter (Q2) of 2021, slipping 34.6 points to 64.3 from 98.9 points […]
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