Pick-up in crude oil prices, global chip shortage to drive Malaysia exports
KUALA LUMPUR: The pick-up in oil prices and the global shortage of semiconductors will drive exports for Malaysia’s key sectors in the coming months, said Moody’s Analytics. Economist Denise Cheok said despite the country has extended its movement control order (MCO) in its most economically active states of Selangor, Kuala Lumpur, Johor and Penang until […]
Healthier economic outlook expected in coming months
KUALA LUMPUR: A healthier economic outlook is anticipated in the coming months based on the latest Malaysia’s Leading Index (LI) performance and the implementation of the National Covid-19 Immunisation Programme. The Department of Statistics Malaysia said in a statement today that the positive vibes were in line with the forecasts by local and international agencies […]
Economy to show positive development once Covid-19 vaccination gains momentum
KUALA LUMPUR: The country’s economy is expected to show a positive development by the middle of this year once the National Covid-19 Immunisation Programme, which begins on Wednesday, gathers momentum, an economist said. Malaysian Academy of Sciences fellow Datuk Dr Madeline Berma said economists predicted that Malaysia would be able to revive its economy starting […]
Malaysia’s economy contracts -5.6 pct in 2020
KUALA LUMPUR: Malaysia’s economy contracted 3.4 per cent in the fourth quarter of 2020 (4Q20) with the resurgence in Covid-19 infections, bringing the year’s full reading, which was marked by lockdowns and border closures globally, to -5.6 per cent. The manufacturing sector was a major contributor in the fourth quarter, while services, plantation and mining […]
Maybank IB expects economy to grow by 5.1 pct in 2021
KUALA LUMPUR: The Malaysian economy is expected to grow by 5.1 per cent this year compared to last year’s 5.4 per cent contraction as the country’s recession is shallowing amid the third wave of Covid-19. Maybank Investment Bank Bhd (Maybank IB) chief economist Suhaimi Ilias said the forecast was conservative relative to the current official […]
Important to balance economic, health aspects during MCO
KUALA LUMPUR: The decision to implement the movement control order (MCO) for the second time by providing certain flexibility, especially for the economic sector, has not been easy, but had to be made in order to strike a balance between the people’s health and the economy. For Senior Minister (Security Cluster) Datuk Seri Ismail Sabri […]
MCO will not have major impact on economy
KUALA LUMPUR: The implementation of the movement control order (MCO) in six states for 14 days beginning tomorrow is not expected to have a significant impact on the economy compared to the four phases of MCO imposed last year. Putra Business School senior lecturer, Associate Professor Dr Ahmed Razman Abdul Latiff said besides incorporating some […]
May the light guide us to good financial management
KUALA LUMPUR: The almost endless calls for a blanket moratorium on loans in Malaysia bring back grim memories of the past, especially the failure of Britain’s Northern Rock Bank (NRB) during the global financial crisis 13 years ago. While there could be different reasons on what led to NRB’s failure — the most fundamental flaw […]
Beliong Peninsula road projects set to open up opportunities
ASAJAYA: The proposed five phases of roads to be constructed in the Beliong Peninsula will allow for bigger economic opportunities for people in and around the area. Asajaya assemblyman Datuk Abdul Karim Rahman Hamzah said the roads would connect all the villages in the Beliong Peninsula. He revealed that all five roads would differ in […]
Economy, MA63 and development main focus in Sabah election campaign
KUALA LUMPUR: Issues related to the economy, Malaysia Agreement 1963 (MA63) and regional development in Sabah will be capitalised by candidates in the upcoming state election. Academy of Sciences Malaysia fellow Dr Madeline Berma said that the issues should not be championed solely for votes in the 16th Sabah state election, but instead should be […]
