PETALING JAYA: The updates on the Covid-19 vaccine development are not expected to affect the prospects of glove makers in the near term. An analyst noted that forecasts for glove companies remained unchanged and estimated that local glove makers generally have orders secured up until the end of 2021. According to UOB Kay Hian, Supermax Corp […]
Read MorePETALING JAYA: The country’s jobless rate fell marginally to 4.6% in September 2020, although the number of unemployed persons remains elevated with over 700,000 individuals hunting for jobs. According to the chief statistician Datuk Seri Mohd Uzir Mahidin, the domestic labour force continues to see a recovery amid the challenges to contain the spread of […]
Read MoreKUALA LUMPUR (XINHUA) – Malaysia’s Industrial Production Index (IPI) increased one per cent in September 2020 compared to the same month of the previous year, driven by the manufacturing index, official data showed yesterday. The Malaysian Statistics Department said in a statement that the growth was underpinned by the manufacturing index which grew 4.3 per […]
Read MoreKUALA LUMPUR: Malaysia’s industrial production index (IPI) rose by 1% in September from a year ago, which was below a Bloomberg survey of a 2.3% increase, due to a slowdown in mining and electricity. Chief Statistician Datuk Seri Dr Mohd Uzir Mahidin (pic below) said yesterday the slight increase in the IPI in September was […]
Read MorePETALING JAYA: The government’s official guidance of a 6.5%-7.5% gross domestic product (GDP) growth in 2021 is largely in line with the forecasts of economists. After falling into a recession in 2020, the Malaysian economy is projected to stage a “V-shaped” recovery next year. However, economists cautioned that the pace of recovery would largely depend […]
Read MoreKUALA LUMPUR (BERNAMA) – Malaysia’s gross domestic product (GDP) is expected to contract by 5.2 per cent in the third quarter (Q3) of 2020 due to strict movement restrictions that have dampened domestic consumption and fixed investments. Moody’s Analytics Asia Pacific Economic Preview noted that the country’s GDP contracted by 17.1 per cent in second […]
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