Malaysia

May 22, 2020

Malaysia – Survey: Open or close for business, SMEs still reeling financially from effects of movement control order

KUALA LUMPUR, May 22 — Even as restrictions were eased to allow selected economic sectors to operate, a survey done among local service-based small and medium-sized enterprises (SMEs) showed how these entities, despite resuming operations, are still facing financial strains and inconsistent market demand triggered by measures taken to contain the Covid-19 outbreak. The study […]

May 22, 2020

Stats Dept: Malaysian economy to face sharp slowdown as Leading Indicator records largest drop in March

KUALA LUMPUR, May 22 — The Leading Indicator (LI) for March 2020 recorded its largest monthly drop since November 1991, following the imposition of a two-week movement control order (MCO) beginning on March 18 to curb the spread of Covid-19. The Department of Statistics Malaysia (DOSM) chief statistician Datuk Seri Mohd Uzir Mahidin said based […]

May 21, 2020

Malaysia: Ahead of Raya, minister says 19 more items in essential goods ceiling price list tomorrow

KUALA LUMPUR, May 21 — An additional 19 types of Aidilfitri essential goods will be listed under the Festive Season Maximum Price Scheme starting tomorrow untul June 3, Senior Minister Datuk Seri Ismail Sabri Yaakob said today. He said under the scheme, the price-controlled items include vegetables such as tomatoes, red chillis, large onions and […]

May 20, 2020

Malaysia: Banks’ yearly loan growth contracted 5.2pc in April as pandemic halts spending

KUALA LUMPUR, May 20 — Banks saw their yearly loan growth shrunk 5.2 per cent in April with personal loans accounted for the sharpest decline at -18.2 percentage points year-on-year, official figures released today showed. Slightly over RM107 billion in loans were approved within that period, a record low to culminate in an already slowing […]

May 20, 2020

Malaysia: Prices of basic goods dipped lowest in April since last year; fuel records sharpest drop

KUALA LUMPUR, May 20 — Malaysia’s consumer goods price inflation dropped 2.9 percentage points in April compared to the same period last year, with fuel recording the sharpest drop, official figures released showed today. The Department of Statistics’ latest inflation data marks the lowest monthly year-on-year consumer price index rate, but was expected as the […]

May 18, 2020

Malaysia: Domestic factories able to produce five million PPEs now, say manufacturers

KUALA LUMPUR, May 18 — Since ramping up its production efforts, Malaysian manufacturers are now able to produce up to five million pieces of personal protective equipment (PPE) and are able to further increase their output. Malaysian Plastics Manufacturers Association (MPMA) president Datuk Lim Kok Boon said the national manufacturing sector takes pride in its […]

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