KUALA LUMPUR: The manufacturing and agriculture sectors are among the main contributors to the country’s economic growth during the Covid-19 pandemic, according to Deputy Minister in the Prime Minister’s Department (Economy) Arthur Joseph Kurup. He said the latest indicators that showed the better economic achievement included the Manufacturing Sector Production Index Performance which increased by […]
Read MoreKUALA LUMPUR: Bank Negara has elaborated on the new and enhanced financing facilities for small and medium enterprises (SMEs), namely the Targeted Relief and Recovery Facility (TRRF) and the Micro Enterprises Facility (MEF), as announced in Budget 2021. In a statement, the central bank said under the TRRF, eligible SMEs which have been adversely affected by […]
Read MorePETALING JAYA: Malaysia needs to relook at its retirement age policy, considering that the country is becoming an ageing society, said World Bank Group representative to Malaysia and country manager Firas Raad. In a statement, he said Malaysia’s demographics had shifted to an era of low fertility and low mortality from a situation of high […]
Read MoreGOING digital in today’s economy is at the forefront of societal change as communities emerge from a debilitating pandemic and face economic restoration challenges in the new normal. These unique and unprecedented times have unleashed structural transformation without parallel in living memory. Many will have no choice but to adapt to a new paradigm shift. […]
Read MoreKUALA LUMPUR: MIDF Research is maintaining its forecast for Malaysia’s gross domestic product (GDP) performance at -4.8% in 2020. In a note yesterday, the research house said the economy was set to continue improving, based on current developments and indicators. “However, we expect it to be on a gradual term as the sentiments are still […]
Read MorePETALING JAYA: Malaysia’s November manufacturing purchasing managers’ index (PMI) fell to 48.4 from 48.5 in October, according to IHS Markit data. According to Bloomberg, the index was down from 49.5 a year ago and it was the lowest reading since May this year. “Output falls to 46.3 vs 47 in October. Lowest reading since May […]
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