Muhyiddin hopes new gov’t will be formed soon
KUALA LUMPUR: Caretaker Prime Minister Tan Sri Muhyiddin Yassin has expressed hope that a new government can be formed as soon as possible so that there are no disruptions to the country’s administration. He said the next two months were extremely important as Malaysia is expected to achieve herd immunity in October. “All plans outlined […]
Malaysia’s 2021 fiscal deficit to hover between 6.7-7 pct of GDP
KUALA LUMPUR: Malaysia’s fiscal deficit is expected to go up to between 6.5 and seven per cent of its gross domestic product (GDP) this year from the six per cent targeted earlier, after factoring in the recent stimulus packages announced by the government. Finance Minister Datuk Seri Tengku Zafrul Abdul Aziz said the government is […]
Asean-US must focus on reigniting economies impacted by Covid-19
PUTRAJAYA: Asean and the United States (US) must focus on reigniting their economies and reversing the damages brought by Covid-19 pandemic, said Senior Minister of Foreign Affairs Datuk Seri Hishammuddin Tun Hussein. Speaking at the Asean-US Foreign Ministers’ Meeting held virtually on Wednesday, Hishammuddin said both sides should use this opportunity to further enhance their […]
Govt functioning well, doing its best to combat Covid-19
JELI: Minister in the Prime Minister’s Department (Economy) Datuk Seri Mustapa Mohamed said the government administration is still functioning well in working towards economic recovery and ensuring that the people are protected during the Covid-19 pandemic. He said despite the shortcomings, every leader in the country is open to criticism and views of various parties, […]
New cabinet appointments won’t rock the boat, as long as people’s health, economy under control
By Nurul Hanis Izmir and S. Kisho Kumari KUALA LUMPUR: With new cabinet appointments, the Perikatan Nasional (PN) government looks totally committed to bringing the Covid-19 pandemic under control while ensuring the economy forges ahead despite hiccups and fragilities of the global economy, Juwai IQI chief economist Shan Saeed said. He said Malaysian exports and […]
Malaysia records 26 pct jump in Jan-May trade to RM867.4 bln, trade surplus soars 112.2 pct
KUALA LUMPUR: Malaysia’s total trade grew by 26 per cent year-on-year (y-o-y) to RM867.4 billion in the first five months of 2021, the Ministry of International Trade and Industry (Miti) said. Trade surplus surged by 112.2 per cent to RM92.79 billion, as exports rose by 31.1 per cent to RM480.09 billion and imports increased by […]
Monthly assistance via e-wallet can help boost economy
KUALA LUMPUR: The government should consider channelling monthly assistance in the form of e-wallet credit to the targeted group throughout the National Recovery Plan period in an effort to stimulate the economy, according to an economist. Universiti Putra Malaysia School of Business and Economics associate professor, Dr Anuar Shah Bali Mohamed, said the proposed move […]
Sabah, Sarawak play major role to revitalise BIMP-EAGA
KOTA KINABALU: Sabah and Sarawak play a major role in revitalising the Brunei-Indonesia-Malaysia-Philippines East Asean Growth Area (BIMP-EAGA) as potential solutions for socio-economic recovery. Minister in the Prime Minister’s Department (Sabah and Sarawak Affairs) Datuk Seri Dr Maximus Ongkili said the BIMP-EAGA, which is Asia’s largest regional grouping, was conceived 27 years ago to accelerate […]
Higher starting salary for graduates by middle of the year
JEMPOL: The starting salary for graduates entering the job market is expected to be higher by the next three or four months with the country’s economy seen recovering, said Minister in the Prime Minister’s Department (Economy) Datuk Seri Mustapa Mohamed. He said the government was aware that the salary received by new graduates last year […]
Malaysia’s economy to remain on positive growth trajectory despite uncertainty on global front
KUALA LUMPUR: Malaysia’s economy is expected to remain on the positive growth trajectory moving forward despite uncertainty on the global economic front, as the country still has ample liquidity buffers. Inter-Pacific Asset Management Sdn Bhd chief executive officer Datuk Dr Nazri Khan Adam Khan said despite a surge in the US inflation recent, Malaysian bonds, […]
