KUALA LUMPUR, June 10 — Local hoteliers and others in the tourism industry are hoping the government will establish travel bubbles with countries considered low-risk for Covid-19 sooner rather than later to help boost Malaysia’s economy. Many in the business are treading water today, reeling from the impact of the coronavirus pandemic that has forced […]
Read MoreKUALA LUMPUR (Bernama) – Malaysia’s economy can be expected to be on the recovery path starting from the end of this year and return to growth into 2021, said The World Bank. Its country manager for Malaysia Dr Firas Raad said the country needed to continue with its encouraging and effective public health measures while bringing […]
Read MoreKUALA LUMPUR, June 8 — More than 80 per cent of Tenaga Nasional Bhd’s (TNB) customers receive discounts of between 15 per cent and 50 per cent on electricity usage with a maximum limit of 600 kilowatt per month from April 1 to Sept 30, 2020. Chief retail officer Megat Jalaluddin Megat Hassan said TNB’s […]
Read MoreKUALA LUMPUR (BERNAMA) – With jobs in the services and manufacturing sectors hanging by a thread due to an economic downturn, particularly in the second quarter, economic revitalisation is the pulse in rebuilding the Malaysian economy as the country fights COVID-19. From measures of easing the burden of taxes and providing job security, the National Economic Recovery […]
Read MoreKUALA LUMPUR, June 5 — The impact of the movement control order (MCO) first implemented on March 18 has resulted in widespread economic and business losses in the first quarter of the year, a study conducted by the Department of Statistics Malaysia (DOSM) showed. DOSM’s study on the impact of MCO in Johor, Melaka, Negri […]
Read MoreKUALA LUMPUR, June 4 — The Covid-19 pandemic, which has caused major disruptions to the global supply chain, has dragged Malaysia to record a trade deficit of RM3.5 billion in April 2020, after 269 consecutive months of surplus on account of higher contraction in exports compared to imports. During the reviewed month, exports contracted by 23.8 per cent […]
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