KUALA LUMPUR: With many manufacturers expecting a long road to recovery for their businesses to return to pre Covid-19 levels, more layoffs in the Malaysian manufacturing sector could be seen in the coming months. This is according to a recent survey by the Federation of Malaysian Manufacturers (FMM) and Malaysian Institute of Economic Research (MIER). […]
Read MorePETALING JAYA: Malaysia’s benchmark interest rate is currently the lowest on record, but economists think there is a fair chance that it could drop even further. Bank Negara could be prompted to cut the overnight policy rate (OPR) due to concerns that a deep negative output gap may persist in the Malaysian economy, according to […]
Read MoreRAM Ratings expects the unemployment rate in 2020 to reach between 4% and 4.5%. KUALA LUMPUR: RAM Ratings expects the unemployment rate in 2020 to reach between 4% and 4.5%, higher than the baseline of 3.0% to 3.5% in normal times, unless non-essential and export-oriented pick up. Hence, it said private consumption is therefore envisaged […]
Read MoreKUALA LUMPUR, Aug 19 — Regional bond markets have seen a recent resurgence of foreign interest as sentiments improve on the resumption of economic activities, coupled with ample global liquidity from quantitative easing, RAM Rating Services Bhd said. The rating agency said Malaysian bonds have been popular, charting their third consecutive net foreign inflow in […]
Read MoreKUALA LUMPUR: Malaysia’s inflation rate in July fell 1.3% from a year ago due to lower fuel prices and it was in line with a Bloomberg forecast, but from a month ago, inflation was seen picking up. Chief statistician Datuk Seri Mohd Uzir Mahidin (pic) said in a statement yesterday that the Consumer Price Index […]
Read MoreKUALA LUMPUR: Bank Negara Malaysia lowered its forecast for the economy this year due to the impact of the Covid-19 pandemic and it expected negative growth of between 3.5% and 5.5% this year before rebounding 5.5% to 8% next year. In a statement issued on Friday, it said the green shoots of economy recovery have […]
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