KUALA LUMPUR: The ringgit opened easier against the US dollar on Monday as the local currency continued to struggle amid concerns over the COVID-19 death toll, mobility restrictions and vaccination deployment, all of which have surfaced as short-term threats to the local economy. At 9am, the local currency eased to 4.1340/1370 against the greenback from […]
Read MorePETALING JAYA: Grab Malaysia aims to create economic empowerment with its #TechUntukSemua programme, as it continues to work closely with the government, community and industry partners to achieve this goal. Commenting in a statement, Grab Malaysia managing director Sean Goh (pic) said the #TechUntukSemua programme was presented to the National Employment Council last Friday and […]
Read MoreMALAYSIA’S economic contraction slowed at the beginning of 2021, in between surges of Covid-19 cases and tighter restrictions to contain the disease. Gross domestic product (GDP) shrank 0.5 per cent in the first quarter from a year earlier, Malaysia’s central bank said on Tuesday. Compared to the previous three months, the economy grew 2.7 per […]
Read MoreKUALA LUMPUR: A blanket loan moratorium may not be the best solution for borrowers following the re-imposition of the Movement Control Order (MCO) nationwide; instead they should approach banks to help them meet their debt obligations, Bank Negara Malaysia (BNM) said. Governor Datuk Nor Shamsiah Mohd Yunus said all banks already have their payment assistance […]
Read MoreKUALA LUMPUR: The economy contracted at a smaller pace of 0.5% in the first quarter of this year as it extended its recovery from the 3.4% decline in the fourth quarter of last year. The Statistics Department said on Tuesday the firmer economic performance was supported by the expansion in manufacturing sector and the rebound […]
Read MoreKUALA LUMPUR: Malaysia remains on track to achieve the forecast Gross Domestic Product (GDP) growth of between 6.0 per cent and 7.5 per cent in 2021, Bank Negara Malaysia said on Tuesday. Governor Datuk Nor Shamsiah Mohd Yunus said the growth would be reinforced by the recovery in domestic demand as the index of retail […]
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