KUALA LUMPUR, May 27 — Malaysia’s economy is expected to further improve in the second quarter of 2021 (Q2 21) especially on the back of a low base as the economy contracted 17.1 per cent in the second quarter of 2020, based on the performance of several key economic indicators. “However, the recovery is also highly dependent on […]
Read MoreKUALA LUMPUR: The government’s decision not to implement a full-scale movement control order (MCO) has the support of chamber of commerce, industry, and small and medium enterprise (SME) associations. The SME Association of Malaysia said a total lockdown this time around might cause 40 per cent of SMEs to shut down and many multinational corporations […]
Read MoreKUALA LUMPUR: Malaysia’s economic outlook has improved, with the Statistics Department describing March indicators as encouraging in the near term, but it expects prevailing challenges to continue to persist until the Covid-19 pandemic is brought under control. Chief Statistician Datuk Seri Dr Mohd Uzir Mahidin said on Tuesday Malaysia’s leading index (LI) in March showed […]
Read MoreKUALA LUMPUR: The ringgit rebounded from yesterday’s close to open higher against the US dollar today, on renewed buying support due to positive development of the COVID-19 vaccine rollout, dealers said. At 9.06am, the local note was higher at 4.1400/1440 against the greenback from Monday’s close of 4.1440/1480. A dealer said that the local market […]
Read MoreTHE World Bank recently reckoned that Malaysia will likely transition from an upper-middle-income to a high-income nation between 2024 and 2028. While Malaysia has long been a middle-income country, achieving a high-income nation status will essentially require collaborative, strategic efforts from all parties involved. As of 2020, the threshold to be classified as a high-income […]
Read MoreKUALA LUMPUR: Malaysia’s inflation rate surged to 4.7% in April from a year ago, the highest since 2018, due to the spike in crude oil prices which fuelled the increase in petrol and diesel prices. Chief Statistician Malaysia, Datuk Seri Dr Mohd Uzir Mahidin said on Friday the April CPI was the highest inflation since […]
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