KUALA LUMPUR: The service sector’s revenue increased by 1.7 per cent quarter-on-quarter (q-o-q) to RM435.9 billion in the fourth quarter of 2020 (Q4 2020) compared to Q3 2020, said the Department of Statistics Malaysia. Chief statistician Datuk Seri Dr Mohd Uzir Mahidin said the growth was driven by wholesale and retail trade, food and beverages […]
Read MorePETALING JAYA: The labour force survey conducted by the government showed that unemployment rate for 2020 had risen to a record level of 4.5% due to the ongoing Covid-19 pandemic. “The unemployment rate rose to 4.5% in 2020, the highest rate recorded since 1993 (4.1%), ” chief statistician Datuk Seri Mohd Uzir Mahidin (pic below) […]
Read MoreKUALA LUMPUR: Malaysia continues to be the investment destination for high-value manufacturing and global services in Asia, the Malaysian Investment Development Authority (Mida) said. The country remains an attractive investment destination with a favourable environment including the availability of excellent infrastructure, telecommunication services, financial and banking services, supporting industries, skills and trainable workforce, as well […]
Read MorePETALING JAYA: The recovery in Malaysia’s industrial output, which exceeded economists’ forecast in December last year, is expected to continue going into 2021. The manufacturing sector would be the biggest driver for the recovery, riding on the strong global demand for electrical and electronic (E&E) products. The pace of recovery, however, may be throttled […]
Read MoreKUALA LUMPUR: While there is a general consensus that the economy will see a substantial recovery in the second half of the year, there are also concerns that declining consumer confidence would further impact businesses in the short term amid rising Covid-19 cases. Professor of Economics at Sunway University Business School Dr Yeah Kim Leng […]
Read MorePUTRAJAYA: Malaysia will discuss with Indonesia to formulate the best strategy to protect the oil palm industry of both countries in the near future, said Minister of Plantation Industries and Commodities Datuk Dr Mohd Khairuddin Aman Razali. (pic) He said this was in line with Prime Minister Tan Sri Muhyiddin Yassin’s call for the framework […]
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