BANGKOK: Thailand is cautiously looking at plans to reopen its borders as it struggles to survive an extended period without international visitors, who account for about two-thirds of the country’s tourism income. “The virus won’t go away soon and we have to think about the economy. But we can’t just reopen the borders. We have […]
Read MoreKUALA LUMPUR (BERNAMA) – The Malaysian ringgit is likely to trade between the 4.165 and 4.185 level, influenced by external factors, with the greenback general direction and oil prices expected to drive sentiment again, said an analyst. AxiCorp chief global market strategist Stephen Innes said the United States (US) dollar is unlikely to turn significantly […]
Read MorePETALING JAYA: Declining household income, insufficient savings and a resurgence of the Covid-19 threat will likely dampen private consumption, a key component of the Malaysian economy, in the near term. The job prospect level would also dictate private consumption trends moving forward, amid unemployment which is expected to hover between 4% and 4.5% this year. […]
Read MorePETALING JAYA: Local hotel operators are expecting occupancy rates to pick up slightly in the final quarter of this year, according to a survey by the Malaysian Association of Hotels (MAH). However, average occupancy rates, which have been severely hit by the Covid-19 pandemic, are expected to continue remaining lacklustre for the remainder of 2020. […]
Read MoreKUALA LUMPUR, Aug 20 ― DAP secretary-general Lim Guan Eng has said Putrajaya should not penny-pinch when it comes to injecting more money into the economy to help those affected by the Covid-19 pandemic. He urged the government to consider another round of economic stimulus worth at least RM45 billion to prevent the country from […]
Read MoreKUALA LUMPUR, Aug 20 ― The retail industry shrank 9.2 per cent in June compared to the same period last year but the contraction was markedly smaller than preceding months, according to Fitch Solutions Country Risk & Industry Research. The Fitch Group unit said the June performance represented signs of recovery as it came after […]
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Thailand
