KUALA LUMPUR: The industrial production index (IPI) rebounded by 18.2% in May from a month ago as the government allowed more industries to resume operations under the Movement Control Order. Chief Statistician Datuk Seri Dr Mohd Uzir Mahidin said the rebound in the May IPI was due to the increase in all indices. The manufacturing […]
Read MoreMalaysian budget carrier AirAsia’s future is in “significant doubt” due to the collapse in demand for air travel caused by coronavirus, its auditor has warned. The aviation industry is facing its biggest-ever crisis due to the outbreak, with airlines worldwide laying off huge numbers of staff while some have already gone out of business. AirAsia, […]
Read MoreKUALA LUMPUR (BERNAMA) – International agencies have forecast that Malaysia’s gross domestic product (GDP) in 2021 will be in the range of 6.3 per cent to 7.5 per cent, said Tengku Datuk Seri Zafrul Abdul Aziz. The Malaysian Finance Minister said the projections are subject to Malaysia’s continued success in managing COVID-19, as well as in steering and nurturing the economy […]
Read MoreKUALA LUMPUR (BERNAMA) – As Malaysia enters the recovery stage of the COVID-19 pandemic, first time home buyers are eyeing to secure their homes now while investors are waiting for the right timing to make their move. PropertyGuru in a statement yesterday said that based on a survey done by National Property Sentiment Index, young renters […]
Read MoreKUALA LUMPUR: Malaysia’s central bank on Tuesday cut its key interest rate for a fourth straight meeting to a historic low, as Southeast Asia’s third-largest economy grapples with the coronavirus pandemic and faltering demand for its exports. Bank Negara Malaysia (BNM) eased its overnight policy rate by 25 basis points to 1.75%. A slim majority […]
Read MoreKUALA LUMPUR, July 3 — According to an online poll conducted by the Credit Counselling and Debt Management Agency (AKPK), 88 per cent or 1,648 of 1,873 respondents, opted for the deferment of financial repayments under the moratorium introduced by Bank Negara. AKPK Financial Education Department, Module Development Unit head, Nirmala Supramaniam said a survey […]
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