PETALING JAYA: The Malaysian Institute of Economic Research (MIER) has revised downwards its worst case scenario for the country’s gross domestic product (GDP) growth this year, to minus 5.5% in real terms relative to 2019. This is lower than the projected worst case scenario that was anticipated in April. Then, it forecast the GDP to […]
Read MorePETALING JAYA: Investors let out a sigh of relief after a proposal to enact Emergency rule was denied but political uncertainties continue to shroud the economic and stock market outlook. This uncertainty showed as across Bursa Malaysia, market breadth remained overwhelmingly negative yesterday even after the state of emergency had been averted. A total of […]
Read MoreKUALA LUMPUR: Targeted assistance will enable banks to assess the unprecedented situation brought about by the Covid-19 pandemic and channel funds to much-needed sectors and aid economic recovery. Various measures, including the Special Relief Facility (SRF) amounting to RM10bil, have been rolled out to provide temporary relief to businesses, Bank Negara deputy governor, Jessica Chew […]
Read MoreKUALA LUMPUR: In its Consumer Sentiments Survey Report for the third quarter (Q3) of 2020, the Malaysian Institute of Economic Research’s (MIER) said consumers remained cautious on the Covid-19 pandemic. This is reflected in the latest CSI which, at 91.5, has changed little from the prior quarter’s 90.1 and remains below the 100-point optimism threshold, […]
Read MorePETALING JAYA: With the domestic economic recovery still fragile despite signs of green shoots, there is a growing need for additional stimulus measures to spur consumption and business sentiment. To meet the need, economists have called for a reduction in taxes and other forms of tax stimulus measures to be incorporated in the upcoming Budget […]
Read MoreKUALA LUMPUR: The Business Conditions Index (BCI) posted a modest recovery of 25.3 points in the third quarter (Q3) of 2020, settling at 86.3 points compared with a major drop of 22.0 points in Q2, indicating a boost in manufacturers’ confidence level. According to the Malaysian Institute of Economic Research’s (MIER) business conditions survey report, […]
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