KUALA LUMPUR: The Department of Statistics Malaysia (DoSM) Report which says that about 12.7 million or 83.5% of employees as of June 2 have returned to work, evidently shows that economic activities and services are recovering, said Tengku Datuk Seri zafrul Tengku Abdul Aziz. The Finance Minister noted that the figure on May 17,2020 was […]
Read MoreKUALA LUMPUR: The Consumer Price Index (CPI) fell 1.9% in June from a year ago due to a fall in transport costs as fuel prices dropped but the decline was more than the Bloomberg survey of 1.8%. Chief Statistician Datuk Seri Dr Mohd Uzir Mahidin said on Wednesday the CPI declined 1.9% in June to […]
Read MorePETALING JAYA: The government will continue to explore various options to increase the national income including diversification of revenue sources, says Finance Minister Tengku Datuk Seri Zafrul Aziz. He said the current focus was on protecting the people and supporting businesses in order to revive and strengthen the economy. Tengku Zafrul said Malaysia’s fiscal deficit […]
Read MoreAPPROVED investments in Malaysia slumped in the first quarter amid the Covid-19 pandemic, with full-year investment approvals likely to halve from 2019, UOB economists Julia Goh and Loke Siew Ting said in a July 21 note. Total approved investments were down 34 per cent year on year at RM37.4 billion. The bulk of this was […]
Read MoreKUALA LUMPUR: The Malaysian Healthcare Travel Council (MHTC) has revised downward the revenue target for medical tourism this year by 75% from its original target amid the fallout from the Covid-19 pandemic. It now expects medical tourism revenue for 2020 to reach RM500mil, with RM2bil in estimated economic impact. Speaking at a press briefing yesterday, […]
Read MorePETALING JAYA: It appears that Corporate Malaysia needs more tax incentives to accelerate private investment growth that has been trending down in recent years. In 2019, private sector investments grew at the slowest pace since the global financial crisis, while the latest figures from the Statistics Department showed that net investments in fixed assets in […]
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