PETALING JAYA: Uncertainty will remain the keyword in Malaysia’s trade performance in the near future as the latest figures show that exports took a step back after advancing twice. Exports fell 2.9% year-on-year (y-o-y) to RM79.14bil in August after advancing 8.8% y-o-y and 3.1% y-o-y in June and July respectively. Imports contracted for a sixth […]
Read MorePETALING JAYA: The World Bank has forecast that the economy will take a bigger hit from the ongoing Covid-19 crisis with Malaysia’s real gross domestic product (GDP) expected to contract by 4.9% instead of 3.1% for the year. The forecast revision reflects the heightened uncertainty of global economic recovery and elevated unemployment rate. However, World […]
Read MoreKUALA LUMPUR: The total wage subsidy approved to employers under the Wage Subsidy Programme starting April 2020 amounted to RM11.93 billion as at Sept 18, 2020, said Finance Minister Tengku Datuk Seri Zafrul Abdul Aziz. He said the initial three-month programme (April, May and June), which had been extended for another three months (July, August […]
Read MorePETALING JAYA: Exports of Malaysian rubber products could catch up with – and even overhaul – the country’s palm oil-based manufactured products, as demand for gloves and personal protective equipment (PPE) prevails with a global shortage caused by the Covid-19 pandemic. Sunway University professor of economics Yeah Kim Leng (pic below) said global demand for […]
Read MoreKUALA LUMPUR: Malaysia’s trade surplus expanded 19.7% on a year-on-year (y-o-y) basis to RM13.23bil in August as higher exports of electrical and electronic (E&E) and rubber products cushioned the decline in overall exports. Exports fell 2.9% y-o-y to RM79.14bil, according to the Ministry of International Trade and Industry (Miti), which underperformed the median estimate of […]
Read MoreKUALA LUMPUR, Sept 29 — The total wage subsidy approved to employers under the Wage Subsidy Programme starting April 2020 amounted to RM11.93 billion as at Sept 18, 2020, said Finance Minister Tengku Datuk Seri Zafrul Abdul Aziz. He said the initial three-month programme (April, May and June), which had been extended for another three months (July, August and […]
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