KUALA LUMPUR: The RM10bil PRIHATIN Supplementary Initiative Package (KITA PRIHATIN) is expected to have a positive impact on the nation’s economic growth in the fourth quarter of 2020. Finance Minister Tengku Datuk Seri Zafrul Tengku Abdul Aziz said on Friday the economic stimulus packages announced by the government — PRIHATIN, PRIHATIN SME+, PENJANA and KITA […]
Read MoreKUALA LUMPUR: UOB global economics and market research expects the additional initiatives worth RM10bil under the “KITA PRIHATIN” will be partly funded by unutilised allocations from other initiatives. In its research note on Friday, it said the initiatives could also be possibly financed under Budget 2021 as some of the measures carry through into January […]
Read MorePETALING JAYA: After six consecutive months of headline deflation, experts believe the country’s muted price pressures will likely continue for the rest of the year, mainly due to the sluggish crude oil prices. Maybank IB Research’s economics team, led by Suhaimi Ilias, said inflation may only return in 2021 at 2%. The research firm recently […]
Read MoreKUALA LUMPUR, Sept 25 ― Malaysia’s Finance Ministry said today that economic stimulus measures worth RM305 billion are expected to add 3.7 per cent-4 per cent to the nation’s 2020 gross domestic product (GDP). The Finance Ministry said in a statement an additional stimulus package worth RM10 billion to help industries and citizens badly hit […]
Read MoreKUALA LUMPUR: CGS-CIMB Research estimates the RM10bil Prihatin Supplementary Initiative Package (Kita Prihatin) will increase the Finance Ministry’s last projected budget deficit by 0.7% of gross domestic product (GDP). The estimated budget deficit may be less if part of the expenditure falls under Budget 2021 or if the funds are reallocated from other budgeted expenses, […]
Read MoreKUALA LUMPUR: Malaysia received RM64.8bil worth of investments in the manufacturing, services and primary sectors for the first six months of the year despite multiple headwinds on the global front. The Malaysian Investment Development Authority (Mida) said the investments involved 1,725 projects, creating 37,110 jobs locally. “Of the total investments approved, domestic direct investments accounted […]
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