KUALA LUMPUR: Malaysia can expect a firm recovery in the second half of this year as economic activities pick up and provided there is no second wave of the Covid-19 pandemic outbreak, the Statistics Department said. In a statement issued yesterday, it said despite a 17.9% contraction in GDP in the second quarter, the leading […]
Read MoreKUALA LUMPUR, Aug 24 — Malaysia’s Parliament today approved the government’s plan to raise its debt ceiling for the first time in more than a decade, as South-east Asia’s third-largest economy grapples with the economic fallout from the coronavirus pandemic. Parliament voted to allow the government to borrow up to 60 per cent of gross […]
Read MoreKUALA LUMPUR, Aug 24 — The cash handouts provided by the government to assist low-income households in cities during the Covid-19 pandemic has been helpful, but most would prefer sustainable assistance instead, according to a new study by Unicef and the United Nations Population Fund (UNFPA) released today. Titled “Families on the Edge”, the study […]
Read MorePETALING JAYA: Malaysia’s labour productivity per employment shrank by 16% to RM19,455 per person in the second quarter (Q2), with construction taking a big hit, according to the Statistics Department. In its report on the performance of Malaysia’s labour productivity issued recently, it said total hours worked plunged by 27% to 6.2 billion hours from […]
Read MoreCorporate earnings, trade data in focus TRADE figures to be released this week will continue to draw scrutiny as markets will assess the prospects of economic recovery. The Statistics Department is expected to release July’s export, import and trade balance data on Friday. Malaysia’s trade surplus widened by 98.7% to RM20.9bil in June 2020 – […]
Read MorePETALING JAYA: The government’s plan to impose a vacancy tax on developers to resolve Malaysia’s unsold units have been shot down by property consultants, the view being the tax will not solve the overhang but will instead raise prices. All three consultants say Housing and Local Government Minister Zuraida Kamaruddin should look at other ways […]
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Thailand
