[KUALA LUMPUR] Malaysia aims to delay the nationwide implementation of plans to increase the use of palm oil in biodiesel, according to the Malaysian Biodiesel Association, as the country imposes restrictions on movement to contain the coronavirus outbreak. The world’s second-largest producer of palm oil, Malaysia has one of the highest numbers of infections of […]
Read MorePUTRAJAYA, April 14 ― The unemployment rate in February 2020 increased to 3.3 per cent compared to 3.2 per cent in January 2020, said Chief Statistician Datuk Seri Dr Mohd Uzir Mahidin. In February 2020, the number of those unemployed was 525,200 people, a 2.6-per cent increase compared to the previous month. “The unemployment rate […]
Read MoreKUALA LUMPUR, April 15 — While the series of economic stimulus package announced by the government will support domestic demand and economic growth, the package also leaves the government with a wider fiscal deficit at least for 2020, says Moody’s Investors Service. Moody’s said that the package would also increase the government’s fiscal consolidation challenge over the next few years, particularly […]
Read MoreKUALA LUMPUR, April 15 — As Malaysians cope with the movement control order (MCO) that forced them indoors for most of the day, a research firm has revealed that remaining at home has also influenced the purchasing trend of local consumers. A survey report released today by market research technology firm Vase.AI showed how the […]
Read MoreKUALA LUMPUR, April 13 ― Malaysia’s manufacturing sales grew by 7.0 per cent year-on-year (y-o-y) in February 2020 to register at RM110.6 billion from RM103.4 billion in February 2019, said the Department of Statistics today. Chief statistician Datuk Seri Mohd Uzir Mahidin said the y-o-y growth was driven by the increase in petroleum, chemical, rubber […]
Read MoreKUALA LUMPUR, April 15 — Malaysia will not be spared the global headwinds combined with the mass effect of Covid-19, with the central bank together with the World Bank and Internal Monetary Fund (IMF) forecasting a growth contraction for this year, although its economy is expected to rebound with strong expansion next year, says Affin Hwang Investment […]
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