PETALING JAYA: The government’s latest stimulus package of RM20bil, dubbed the People and Economic Strategic Empowerment Programme (Pemerkasa), is expected to accelerate the recovery across several key economic sectors that have been affected following the second round of the movement control order (MCO) that began in January. Experts welcomed the targeted stimulus package, pointing out […]
Read MoreKUALA LUMPUR: The International Monetary Fund (IMF) sees the Malaysian economy growing by 6.5% this year, underpinned by the manufacturing and construction sectors but overall recovery is expected to be uneven across sectors. In its report issued on Wednesday, it said the recovery would hinge on an improvement in both domestic and external demand. IMF […]
Read MorePETALING JAYA: Total vehicle sales rose 4% year-on-year to 42,784 units in February, spurred by increased traffic volumes to showrooms during the month following the lifting of the movement control order (MCO) in certain states. The Malaysian Automotive Association (MAA) said in a statement that sales volume in February was 30% higher month-on-month compared with […]
Read MorePETALING JAYA: As the equity markets move towards the end of the first quarter of 2021, there seems to be a glimmer of hope that foreign funds are beginning to stage a comeback in Malaysia, among other Asian equity markets. As of March 16, foreign investors have been net buyers of local equities on Bursa […]
Read MorePETALING JAYA: As the country marks a year into the movement control order (MCO) that was first imposed in March 2020, corporate Malaysia has to an extent rebounded from the lows seen a year ago. Earnings are picking up once again and some companies – apart from glove makers and semiconductor players – have posted […]
Read MoreKUALA LUMPUR: Malaysia is maintaining the export tax for crude palm oil (CPO) at eight per cent for April 2021. In a circular posted on the Malaysia Palm Oil Board’s website, the Royal Malaysian Customs Department said the eight per cent export duty rate was set after the CPO market price surpassed RM3,450 per tonne. […]
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