THE latest wave of Covid-19 infections in Malaysia threatens the momentum of the country’s recovery, as reintroduced restrictions hamper growth in key economic regions, said economists this week. Malaysia’s fourth quarter gross domestic product (GDP) performance hinges upon the virus fight, said OCBC economist Wellian Wiranto. The government has announced a return to a conditional Movement Control […]
Read MorePETALING JAYA: The growth forecast for the Malaysian economy has been downgraded by CGS-CIMB Research following the government’s decision to enforce conditional movement control order (CMCO) covering Selangor, Kuala Lumpur and Sabah from Oct 14 to 27. The research house now expects the gross domestic product (GDP) to contract by 4.4% this year compared to […]
Read MoreBUDGET 2021 will be presented at a time of uncertainty on revenue collections and continued high expenditure for 2021 leading to fiscal slippage. If the goal is to focus entirely on keeping the economy and domestic demand afloat, what should the Finance Minister do? The Budget’s expenditure programmes, fiscal measures and initiatives should be targeted […]
Read MorePETALING JAYA: The uptrend in the crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives continued for the seventh consecutive day yesterday, backed by positive market sentiment. A dealer said the recent export figures helped boost investor sentiment amid better economic data from China, one of the world’s largest palm oil consumer. Earlier today, […]
Read MoreKUALA LUMPUR: The top 10% of households (T10) commanded 30.7% of total income in 2019, while the income share of the bottom 20% of households (B20) was only 5.9%, according to a Khazanah Research Institute (KRI) report. The report, titled “Welfare in Malaysia Across Three Decades, ” also noted the wide variation of savings from […]
Read MoreKUALA LUMPUR: The country’s unemployment rate remained at 4.7 per cent in August 2020, the Department of Statistics Malaysia (DOSM) announced on Tuesday. The number of those unemployed, however, decreased marginally by 3,500 persons to 741,600 during the month compared to July, it said in the latest labour force statistics report. Chief statistician Datuk Seri […]
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