[KUALA LUMPUR] Malaysia’s 2020 budget deficit will rise to 4.7 per cent after it announced an additional stimulus of RM10 billion (S$3.3 billion) to counter the impact of the coronavirus pandemic on the economy, the finance minister was quoted as saying. “The total (stimulus) package now amounts to RM260 billion, which will raise the budget […]
Read MoreWITH the current economic situation having a major impact on micro, small and medium enterprises (MSMEs) following the Covid-19 pandemic, Minister at the Prime Minister’s Office and Minister of Finance and Economy II Dato Seri Setia Dr Awang Haji Mohd Amin Liew bin Abdullah said consumption is one of the major points on how the […]
Read MoreKUALA LUMPUR: RHB Investment Bank Bhd is forecasting a zero per cent growth for the country this year, which is within the range of Bank Negara Malaysia’s (BNM) real gross domestic product (GDP) growth projection. The central bank released a report today giving a weaker growth projection of between -2.0 per cent and 0.5 per […]
Read MoreKUALA LUMPUR: The Malaysian economy is expected to see a contraction -2.0% at its worst and growth of 0.5% at its best in 2020, compared to 4.3% in 2019, against a highly challenging global economic outlook. Bank Negara Malaysia (BNM) in its 2019 Economic Monetary Review on Friday said the domestic economy will be impacted […]
Read MoreKUALA LUMPUR: Malaysia’s economy is set to grow at its slowest pace since the 2009 financial crisis as it struggles with a trio of troubles: coronavirus, oil-price crash and political upheaval. Analysts from Fitch Ratings to United Overseas Bank Ltd now expect Malaysia’s economy to grow about 2% this year. That compares with the government’s […]
Read MorePETALING JAYA: Moody’s Investors Service has revised downwards its gross domestic product (GDP) growth forecast for Malaysia to 3.0% in 2020, and 4.7% in 2021, in view of current risks. Last month, it had said the country’s 2020 real GDP growth should slow to 4.2% from the 10-year low of 4.3% in 2019. “The combination […]
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