PETALING JAYA: The Penang retail property market, which has been severely hit by the Covid-19 pandemic, may only recover fully next year. However, the state’s retail sector is already seeing an improvement in shopper traffic since the lifting of the movement control order (MCO), which was implemented from March 18 to May 3, said CBRE […]
Read MorePETALING JAYA: The local tourists are coming back, and resort hotels are seeing a spike in occupancy rates, with some recording occupancy rates of up to 90%. Malaysia Budget Hotel Association national deputy president Sri Ganesh Michiel said budget hotels in places such as Cameron Highlands, Langkawi and Tioman are reporting very good business – […]
Read MoreThe Covid-19 crisis and the ensuing movement control order (MCO) have deep negative ramifications for many Malaysians, especially vulnerable, low-income families. With the exception of the headline news – a three-year peak in the unemployment rate and a contraction of quarterly GDP of over 17% – detailed evidence of the extent of these ramifications has […]
Read MoreKUALA LUMPUR: The unemployment rate in Malaysia is expected to ease further to 4.5 per cent by year-end, according to United Overseas Bank (M) Bhd. Its senior economist Julia Goh said Malaysia’s labour market continued to improve with the unemployment rate falling for the second straight month to 4.7 per cent in July from 4.9 […]
Read MorePETALING JAYA: With the banking sector’s dismal second-quarter performance, industry captains are not wasting any time as they gear up to navigate headwinds and improve bottom lines for this year and next. Malaysian banks’ earnings have been weighed down by large modification losses, pre-emptive provisions and significant margin compression. The modification charges came about as […]
Read MoreThe Asean-5 economies are in a technical recession based on their second quarter gross domestic product (GDP) figures and this is induced by the Covid-19 pandemic. Malaysia, Indonesia, the Philippines, Singapore and Thailand implemented lockdowns and this had disrupted economic activities in almost all areas be it domestic or export-oriented. Sectors worst hit include travel, […]
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Thailand
