KUALA LUMPUR: RHB Investment Bank Bhd (RHB IB) has upgraded its 2021 real gross domestic product (GDP) growth projection for Malaysia to 7% year-on-year (y-o-y) from 4% y-o-y earlier. The revision in outlook was made after factoring in the assumption of mass Covid-19 vaccine deployment in the second half of next year, the investment bank […]
Read MoreKUALA LUMPUR: With its leadership tossed into uncertainty again, Malaysia risks delays and loss of new investments, analysts and business groups say, as anxiety bubbles among foreign investors worried about policy disruption and reforms stalling. A week after opposition leader Anwar Ibrahim laid claim to the premiership citing enough parliamentary support to form a new […]
Read MoreKUALA LUMPUR: Malaysia’s economic activity outcome for the third quarter (Q3) is expected to improve, given the government’s various stimulus packages to support overall economic growth, said the Department of Statistics Malaysia (DOSM). Chief statistician Datuk Seri Mohd Uzir Mahidin said the economic recovery has begun with the reactivation of economic activities and was reflected […]
Read MorePETALING JAYA: Malaysia’s aspiration to enter the league of high-income nations may have become tougher to achieve, owing to the country’s political uncertainty, an ageing population and the government’s diminishing ability to spend. According to Fitch Solution, the middle-income trap looms large for Malaysia over the next 10 years as average growth is forecast to […]
Read MoreKUALA LUMPUR: Malaysia’s Producer Price Index (PPI) for local production slipped 2.8 per cent year-on-year (y-o-y) in August 2020 to 101.7 compared with 104.6 in the same month last year. In a statement, the Department of Statistics Malaysia’s (DOSM) chief statistician Datuk Seri Dr Mohd Uzir Mahidin attributed the decrease in the overall index to […]
Read MorePETALING JAYA: The banking industry has received about 500,000 applications for repayment assistance and approved 98% of them, Bank Negara said. Individual banks, it said, have directly engaged over two million borrowers through calls, emails and SMS to offer repayment assistance in view of the end of the automatic moratorium today (Sept 30). “For applications […]
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