MORE than 2 billion tons of food goes uneaten around the world, almost double than previously thought, according to a new report. An estimated 2.5 billion tons of food was lost on farms or wasted by retailers or consumers globally, accounting for about 40% of production, according to research by World Wildlife Fund and U.K. […]
Read MorePETALING JAYA: Malaysia is a favoured expansion destination for Asean companies looking for growth opportunities in the region, according to Standard Chartered’s (StanChart) latest survey. In its “Borderless Business: Intra-Asean Corridor” report, it noted that 49% of survey respondents had selected Malaysia as one of the countries offering the best expansion opportunities in Asean over […]
Read MoreKUALA LUMPUR: The Asian Development Bank (ADB) has revised downwards the growth forecast for Malaysia to 5.5% for 2021 from its April projection of a 6% growth due to the fallout from restrictions imposed to curb the spread of the Covid-19 pandemic. The Manila-based ADB said on Tuesday in 1q, Malaysia posted a smaller GDP […]
Read MorePETALING JAYA: Banks will likely again face another round of modification losses as a result of the automatic loan moratorium that just started, but this time, the losses are not expected to hit them as much as the first time. According to CGS-CIMB, local lenders which may have to incur modification losses will see a […]
Read MoreKUALA LUMPUR: Fitch Ratings has affirmed Malaysia’s long-term foreign currency issuer default rating (IDR) at “BBB+” with a stable outlook. In a note released today, Fitch said Malaysia’s economy is gradually recovering from a contraction of 5.6 per cent in 2020 caused by the COVID-19 pandemic even though social distancing measures have been tightened over […]
Read MoreKUALA LUMPUR: Malaysia’s fiscal deficit is expected to go up to between 6.5% and 7% of its gross domestic product (GDP) this year from the 6% targeted earlier, after factoring in the recent stimulus packages announced by the government. Finance Minister Datuk Seri Tengku Zafrul Abdul Aziz said the government is ready to expand fiscal […]
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Thailand
