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Malaysia: Better prospects seen for property developers

PETALING JAYA: Property developers are set to chart better sales performances in 2021, as market confidence is expected to grow with the commencement of the nationwide vaccine rollout. TA Securities said in a report that the prolonged low-interest-rate environment, abundant market liquidity and supportive government measures will help spur demand for properties. “Having said that, […]

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Malaysia: Retailers see growth at 4.1% in 2021

PETALING JAYA: Retail Group Malaysia (RGM) has revised downwards its 2021 retail sales growth projection to 4.1% from 4.9% previously, mainly due to the re-implementation of the movement control order (MCO) in January. The association said the latest revision is also based on other factors of consideration. “More retail businesses will be allowed to open […]

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Malaysia: Employment scene still challenging

KUALA LUMPUR: The unemployment rate in January rose to 4.9% from 4.8% in December due to the impact of Covid-19 on tourism-related industries and a decline in the agriculture sector, despite gains by the manufacturing and services sectors. The Statistics Department said the unemployment rate in January rose by 9,700 people to 782,500 from the […]

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Malaysia: Commodities contributed RM85.1b to GDP in 2020

KUALA LUMPUR: The commodity and commodity-based products sectors contributed RM85.1 billion to the country’s gross domestic product (GDP) last year, Plantation Industries and Commodities Minister Datuk Dr Mohd Khairuddin Aman Razali said. He said of the amount, RM48.3 billion was contributed by the palm oil sector. “Knowledgeable and skilled human capital is needed to ensure […]

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