KUALA LUMPUR: The sudden surge in Covid-19 cases over the past months and the movement restrictions that were reintroduced are expected to weigh on Malaysia’s economy, slowing the recovery compared with what was initially expected. Against this backdrop, the World Bank has lowered its projection on Malaysia’s economic growth by 1.5 percentage points to 4.5% […]
Read MoreKUALA LUMPUR: Malaysia’s diverse export destinations and products should help to mitigate the impact of a prolonged national lockdown through the end of June, according to Moody’s Investors Service. Malaysia imposed a nationwide lockdown since June 1 after daily Covid-19 cases hit 8, 000. From an initial two weeks, it was extended for another two […]
Read MoreKUALA LUMPUR: The World Bank has lowered Malaysia’s GDP growth to 4.5% this year from 6% earlier amid a dramatic resurgence of the Covid-19 virus beginning in mid-April 2021. This recent spike in infections is raising concerns about the overall capacity of Malaysia’s health system and the effects of the ongoing cycle of opening and […]
Read MoreKUALA LUMPUR: Industry players increased their spending for environmental protection by 7% to RM2.89bil in 2019 with Johor spending the largest amount among the states, according to the Statistics Department. In its Environmental Protection Survey Report 2020 issued on Wednesday, it said the spending was higher than in 2018 driven by higher capital expenditure (capex) […]
Read MorePETALING JAYA: S&P Global Ratings (S&P) has affirmed Malaysia’s foreign currency and local currency long-term issuer ratings at A- and A, respectively, with a negative outlook. In a statement, the Finance Ministry said the affirmation is testament to the country’s strong external position, monetary policy flexibility, recognised track record of supporting sustainable economic growth as […]
Read MoreKUALA LUMPUR: The ringgit opened higher against the US dollar today despite the strengthening greenback, supported by the steady crude oil prices and the positive sentiment brought about by the reaffirmation of Malaysia’s sovereign rating. The US dollar had extended its rebound from yesterday after its sharp corrective pullback on Monday. At 9 am, the […]
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