sin02
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Malaysia signs record rice import deal with India

[MUMBAI] Malaysia has contracted to import a record 100,000 tonnes of rice from India for shipment this month and next, four industry officials told Reuters, in a further sign of improving trade relations between the countries after a diplomatic spat. The first such purchase this year is already nearly twice the average annual volume of […]

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Malaysia could see GDP shrink 2.8% in 2020: report

MALAYSIA could see a full-year recession in 2020, due to the economic fallout from the movement control order (MCO) as well as a worsening global economic outlook, Fitch Solutions warned. The market intelligence firm said it has slashed its 2020 real growth domestic product (GDP) growth forecast for Malaysia to -2.8 per cent, down from […]

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Malaysia’s economic growth slows to 0.7pc in Q1

KUALA LUMPUR (XINHUA) – Malaysia’s economic growth eased sharply to 0.7 per cent in the first quarter, dragged by the spreading of COVID-19 pandemic, the central bank said yesterday. Bank Negara Malaysia (BNM), the central bank, said in a statement that services and manufacturing sectors moderated while other sectors contracted. External demand and investment also […]

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