KUALA LUMPUR: The ringgit opened lower versus the US dollar Friday ahead of the third quarter gross domestic product (GDP) announcement later today and as a result of declining oil prices amid inventory build-up. At 9.06 am, the local currency stood weaker at 4.13300/1370 against the greenback compared with Thursday’s close of 4.1280/1330. Axi chief […]
Read MorePETALING JAYA: Malaysia is expected to see another dip in economic growth in the third quarter, with a technical recession likely to extend to the final three months of the year due to the ongoing conditional movement control order (CMCO). According to CGS-CIMB Research, the country’s gross domestic product (GDP) is projected to decline 3.5% […]
Read MorePETALING JAYA: Budget 2021 plays a delicate role in not only strengthening households’ purchasing power, but also in creating an accommodative investment environment for local companies and foreign investors. Incentives and measures under the budget are expected to make Malaysia a competitive investment destination, at a time when foreign direct investments (FDIs) are evolving to be geographically […]
Read MorePETALING JAYA: Malaysia’s Industrial Production Index (IPI) in September, which rose 1% year-on-year, came in below expectations and has set the stage for marginal growth for the remaining of the year. The index, which measures the levels of production and capacity in the main economic areas of a country such as manufacturing, saw a growth […]
Read MoreKUALA LUMPUR: Implementing Budget 2021 during the Covid-19 pandemic is challenging due to uncertainty as business as usual will no longer work and regulators will need to assist businesses with effective regulation as part of the new norms. Malaysia Productivity Corp (MPC) director-general Datuk Abdul Latif Abu Seman said effective regulation is needed to drive investments, strengthen […]
Read MorePETALING JAYA: Restrictive measures following the rise in the number of new Covid-19 cases will add pressure on job creation in the fourth quarter, possibly raising the unemployment rate for the year. Analysts noted that the labour market had benefited from the relaxation of restrictive measures in the third quarter on the back of stronger […]
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