KUALA LUMPUR, May 4 — The local manufacturing sector was an unsurprising victim following measures taken to contain the Covid-19 outbreak, as market analysts IHS Markit released a report today indicating sharp a decline in revenue and production volumes. A report by IHS gauging the Purchasing Managers’ Index (PMI), a value indicating an index of […]
Read MoreKUALA LUMPUR, May 3 — Public transportation use will be reduced to half the usual capacity for each ride, Senior Minister Datuk Seri Ismail Sabri Yaakob announced a day before workers return to work and the government lifts some restrictions to restart the economy tomorrow. “For example, if the bus can fit 80 people (at […]
Read MoreKUALA LUMPUR, May 2 — Malaysia’s economy in 2020 could shrink more than initially forecast due to extended curbs on movement imposed to stem an outbreak of the new coronavirus, the finance minister said on Saturday. Malaysia’s central bank had forecast in April for growth in gross domestic product (GDP) of between -2 per cen […]
Read MoreKUALA LUMPUR, May 2 — Finance Minister Tengku Datuk Seri Zafrul Abdul Aziz today requested that financial institutions consider abolishing the accrued interest on hire purchase (HP) loans, as well as profit from their fixed-rate Islamic financing, during the six-month moratorium period on loan repayments. Taking to his Facebook page today, Zafrul said that though […]
Read MoreKUALA LUMPUR, May 1 — The government’s Wage Subsidy Programme (WSP) should be extended in order to prevent job losses, as the movement control order (MCO) drags on. Economist Hafiz Noor Shams told a Webinar that as more people are expected to lose their incomes and companies struggle to pay wages, the government needs to […]
Read MoreKUALA LUMPUR, April 30 — Exports of palm oil products had declined significantly by 34.8 per cent year-on-year (y-o-y) or 793,257 tonnes to 1.48 million tonnes during the movement control order (MCO) period up to April 14, 2020, from 2.28 tonnes recorded in the same period last year. Crude palm oil (CPO) and processed palm oil exports fell […]
Read More
Thailand
