PETALING JAYA: The government’s official guidance of a 6.5%-7.5% gross domestic product (GDP) growth in 2021 is largely in line with the forecasts of economists. After falling into a recession in 2020, the Malaysian economy is projected to stage a “V-shaped” recovery next year. However, economists cautioned that the pace of recovery would largely depend […]
Read MoreThe Charoen Pokphand (CP) Group can challenge the Trade Competition Commission’s (TCC) decision on the Tesco acquisition deal via the Administrative Court within 60 days, the commission said. The TCC ruled by majority in favour of the transaction, but imposed certain conditions, including a three-year ban on additional acquisitions in the same sector to prevent […]
Read MoreKUALA LUMPUR (BERNAMA) – Malaysia’s gross domestic product (GDP) is expected to contract by 5.2 per cent in the third quarter (Q3) of 2020 due to strict movement restrictions that have dampened domestic consumption and fixed investments. Moody’s Analytics Asia Pacific Economic Preview noted that the country’s GDP contracted by 17.1 per cent in second […]
Read MoreFarmers in the Mekong Delta have started to harvest raw material sugarcane from the beginning of October. However, up to now, the remaining three factories in the region have not operated yet. Currently, farmers mainly sell sugarcane for traders to resell to sugarcane juice vendors. Ironically, both farmers who sell sugarcane early to benefit from […]
Read MoreTHERE was a delightful quote being passed around the social media over the weekend in the wake of President-Elect Joe Biden’s victory over that thing who I will henceforth avoid addressing by name: “Try to live your life so the whole world doesn’t dance in the streets when you lose your job.” Along with spontaneous […]
Read MorePETALING JAYA: The construction sector will benefit from the 38% jump in Budget 2021 development expenditure allocation to RM69bil although concerns about execution risks and political uncertainties remain, according to research analysts. Maybank Investment Bank (IB) Research said it remained positive on the construction sector, as the surge in gross development expenditure presents sizeable order book replenishment […]
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