KUALA LUMPUR (XINHUA) – Malaysia’s economy decreased at a slower pace of 2.7 per cent in the third quarter from the double-digit decline of 17.1 per cent in the second quarter of 2020, said its central bank on Friday. Bank Negara Malaysia, the central bank, said in a statement that the improvement largely reflected the […]
Read MoreKUALA LUMPUR: Malaysia’s economy contracted at a smaller pace of 2.7% in the third quarter ended Sept 30,2020 compared with the 17.1% plunge in the second quarter, underpinned by the recovery in the manufacturing sector. The Statistics Department said on Friday the economic performance during this pandemic period was also measured on the monthly basis […]
Read MorePETALING JAYA: Leading economic indicators in Malaysia have shown that the economy has passed its trough as the country heads towards a modest recovery with 2020 drawing to a close. Positive distributive trade figures, easing unemployment rates and growing retail sales were suggesting an economic recovery in 2021, alongside the expansionary Budget 2021 which has drawn optimism […]
Read MoreKUALA LUMPUR: Everyone, who has been affected by the pandemic, will receive help, Bank Negara Malaysia (BNM) Governor Datuk Nor Shamsiah Mohd Yunus said, quashing misconceptions that are being circulated on targeted repayment assistance. “The common misconception is that without a blanket moratorium, borrowers in difficulty will not get help, (instead) the help is for […]
Read MoreKUALA LUMPUR: Malaysia does not have to resort to an unconventional monetary policy as the country’s deep bond market and diverse set of institutional investors are enough in absorbing a higher bond supply, said Bank Negara Malaysia Governor Datuk Nor Shamsiah Mohd Yunus. She said although the Malaysian Government Securities (MGS) are on an increasing […]
Read MoreKUALA LUMPUR: The FBM KLCI retraced some of its earlier losses to enter the lunch break just slightly in the red following the announcement of GDP data that contracted at a slower pace than expected. Bank Negara announced earlier today that Malaysia’s economy in the third quarter contracted at a smaller pace of 2.7% in […]
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