KUALA LUMPUR, May 13 — Malaysia has a good track record with regards to fiscal consolidation, and the government has a proven track record of continuous commitment to medium-term fiscal consolidation plan, said Bank Negara Malaysia (BNM). According to BNM governor Datuk Nor Shamsiah Mohd Yunus, the government had embarked on fiscal consolidation in 2010, […]
Read MorePUTRAJAYA, May 13 — The Compliance Operation Task Force on standard operating procedures (SOP) during the conditional movement control order (CMCO) will be deployed more often at shopping malls and supermarkets conducting certain cheap sales or promotions, said Senior Minister (Security Cluster) Datuk Seri Ismail Sabri Yaakob. He said this was to ensure there were […]
Read MoreKUALA LUMPUR, May 13 — The people, businesses and the government should work together to develop and strengthen the country’s socio-economic position, the Department of Statistics Malaysia (DOSM) said today. Chief statistician Datuk Seri Dr Mohd Uzir Mahidin said in the context of the people, Malaysia has a population of 32.7 million people, with almost […]
Read MoreKUALA LUMPUR, May 13 — Bank Negara Malaysia said the risk of Malaysia falling into deflation is limited despite the expectation of headline inflation to turn negative this year. Governor Datuk Nor Shamsiah Mohd Yunus said for deflation to happen, the country would have to experience a prolonged and broad-based decline in prices, coupled with […]
Read MoreKUALA LUMPUR, May 13 — Malaysia’s economy grew moderately at 0.7 per cent in the first quarter of 2020 from 4.5 per cent in the same quarter last year, as gross domestic product growth was affected by the Covid-19 pandemic and the implementation of the movement control order (MCO). Bank Negara Malaysia (BNM) said after […]
Read MoreKUALA LUMPUR: Malaysia’s industrial production index fell 4.9% from a year earlier in March, the sharpest decline in nearly a decade, government data showed on Tuesday, as curbs imposed to contain the coronavirus pandemic severely disrupted activity. The index measures factory output from the manufacturing, mining and electricity generation sectors. The drop was just shy […]
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