Malaysia-China trade on upward trend
SIBU: Bilateral trade between Malaysia and China continues to buck the trend despite the impacts of the COVID-19 pandemic. “The bilateral trade volume between Malaysia and China reached US$176.8 billion, a year-on-year increase of 34.5 per cent,” said the Prime Minister ‘s Special Envoy to China, Datuk Seri Tiong King Sing. “Malaysia ‘s import and […]
Hotels facing difficult times
KUCHING: The hotel sector in Sarawak is experiencing difficult times following a new wave of Covid-19 pandemic. Malaysian Association of Hotels (MAH) Sarawak president Mohamad Ibrahim Nordin said, the business of the hotel industry was falling drastically. “We only depend on local business in Sarawak. Certainly, the occupancy rate will drop drastically,” he told New […]
State’s proactive digitalisation initiatives cushion Covid-19 impact
KUCHING: Sarawak is fortunate to have embarked on a digital transformation journey three years ago that has enabled it to effectively manage the devastating impact of the Covid-19 pandemic, said Chief Minister Datuk Patinggi Abang Johari Tun Openg. He said this journey, which came in the form of the Sarawak Digital Economy Strategy 2018-2022 launched […]
US facing severe crisis, but not a depression
By Heather Scott WASHINGTON: The US is facing a severe economic downturn amid the global pandemic, but will not suffer another Great Depression and will see a recovery begin later this year, Federal Reserve Chair Jerome Powell said Sunday. The world’s top economy was strong before the Covid-19 outbreak hit, like a natural disaster, causing […]
Energy counter continues slide as oil volatility intensifies
KUALA LUMPUR: As Covid-19 brought oil consumption to a halt, leading countries in a race to find more space to store excess oil; the fight for market share between major producers, Saudi Arabia and Russia continue unabated causing the global oil price to dip further. On sectorial performance, the energy counters continue its volatility as 18 counters were down in […]
Govt asked to protect hoteliers from Covid-19 impact
KUALA LUMPUR: The Malaysia Budget Hotel Association (MyBHA) has asked the government to immediately draft an Act to protect hotel owners and operators from the impact of Covid-19. Its national deputy president, Sri Ganesh Michiel said the association had received a lot of negative feedback from its members that the Special Relief Fund (SRF) announced by the […]
