PETALING JAYA: Bank Negara’s move to adjust downward the lower end of its growth projection for 2021 indicates that risks remain tilted towards the downside for the Malaysian economy, said economists. Despite signs of gradual recovery, the national economy continues to see risks from a resurgence in Covid-19 cases and the relevant containment measures, delays […]
Read MoreKUALA LUMPUR: Bank Negara has announced five new measures to further liberalise the foreign exchange policy (FEP) to allow greater flexibility for businesses and to foster a conducive environment in attracting foreign direct investment (FDI) to Malaysia. The central bank will be lifting the export conversion rule, which will allow resident exporters to manage their […]
Read MorePETALING JAYA: The country’s household debt levels remain elevated as at end-2020, with the lower-income population continuing to be financially stretched amid the weakness in economic conditions. In its Financial Stability Review for the second half of 2020, Bank Negara said borrowers earning less than RM3,000 monthly faced low financial buffers and substantially higher leverage. […]
Read MoreKUALA LUMPUR: The Covid-19 pandemic has provided Malaysia with an opportunity to reset and build stronger fundamentals on multiple fronts, says Bank Negara. Governor Datuk Nor Shamsiah Mohd Yunus (pic) said it was timely for the country to embark on reforms that emphasised on innovation-led growth. “The ‘3Ds’ of reforms which are accelerating digitalisation, rethinking […]
Read MoreKUALA LUMPUR: Gas Malaysia Bhd has been directed to implement the new average base tariff for the utilisation of the natural gas distribution system (NGDS) under the Incentive-Based Regulation (IBR) framework. In a filing with Bursa Malaysia, Gas Malaysia said the directive was issued via a letter from the Energy Commission dated March 31. “With the adjustment […]
Read MoreKUALA LUMPUR, March 31 — Despite movement restrictions and rapid acceleration in e-commerce and online spending in 2020, cash remained the most prevalent medium of payment in the year, which saw an annual growth of 14.3 per cent, the highest increase in currency in circulation in the last 10 years. “At the end of 2020, […]
Read More
Thailand
