PETALING JAYA: Malaysia may need to recalibrate Budget 2020 if oil prices continue to persist at current levels, with a risk of sinking further. Even with oil prices seeing slight recovery, it may not be sustainable to reach US$62 per barrel which the national budget was based on.Brent crude oil was at US$36.30 per barrel […]
Read MorePUTRAJAYA: On its first day at work, the new Perikatan Nasional Cabinet wasted no time and has set up the Economic Action Council (EAC) to address economic woes. Prime Minister Tan Sri Muhyiddin Yassin said Malaysia was suffering from the global oil price dip as well as the Covid-19 outbreak. “The EAC will sit every […]
Read MorePETALING JAYA: A survey conducted by the Federation of Malaysian Manufacturers (FMM) and the Malaysian Institute of Economic Research (MIER) is projecting gloomy domestic sales during the first-half of the year (1H20). According to the FMM-MIER Business Conditions Survey, manufacturers’ outlook for business in 1H20 is generally lacklustre, as uncertainties continued to weigh amid the […]
Read MorePETALING JAYA: Ongoing worries over the economic fallout from the Covid-19 outbreak and a plunge in global crude oil prices hammered asset classes in Malaysia with the stock and the palm oil markets landing body blows from the global rout. Oil prices tanked by more than 30%, sending the FBM KLCI sinking by 58.94 points […]
Read MorePETALING JAYA: The Malaysia Automotive Robotics and IoT Institute (MARii), an agency under the International Trade and Industry Ministry, has forecast total industry volume (TIV) to grow 9% to 610,000 units this year despite scepticism that the local automotive industry will be affected by the current weak market sentiment. At a briefing earlier this week, […]
Read MoreAFP – Malaysia and Thailand have barred a cruise ship carrying about 2,000 people, including dozens of Italians, from docking because of fears about COVID-19, according to officials. The Costa Fortuna was first turned away from the popular Thai holiday island of Phuket on Friday, despite there being no suspected virus cases aboard, according to its operator. Thai […]
Read More
Thailand
