Next level development is improving economy
BAU: Serembu assemblyman Miro Simuh said the state government’s rural transformation programme (RTP) and minor rural project (MRP) allocations are utilised mainly for the development of his constituency and Bau District in general. Miro explained that most villages and areas in the district have roads as well as water and electricity supplies. “As these basic […]
Ensuring economy back on right track is priority
PUTRAJAYA: The government’s top priority during the recovery movement control order period is to ensure that the economy is back on the right track through the economic stimulus packages and assistance, according to Prime Minister Tan Sri Muhyiddin Yassin. He cited the RM260 billion Prihatin Rakyat Economic Stimulus Package (Prihatin) as one of the measures […]
Foreign investors sell, locals pick up
RM444.92 mln sold off Bursa Malaysia last week KUALA LUMPUR: Foreign funds continued to remain net sellers exiting Bursa Malaysia last week, with the amount of outflow amounted to RM444.92 million from Monday to Thursday. This was, however, less than the amount in the corresponding period of the previous week (June 15-18) of RM445.35 million. […]
‘Entulu got it all wrong’
KUCHING: Datuk Joseph Entulu Belaun of Parti Sarawak Bersatu (PSB) has failed to realise the impact of the construction of the Second Trunk Road (STR) to the local economy and the people’s livelihood, a political secretary to the Chief Minister said today. Responding to Entulu’s criticism of the STR, Edwin Banta said the road was […]
Malaysia’s fiscal deficit under control amid recession concerns
KUALA LUMPUR: Malaysia has been managing its economy quite well compared to its neighbouring countries, and has not let its fiscal deficit go out of control amidst recession concerns in the market, an academician said. Professor Richard Vietor from the Harvard Business School said being the third largest economy in Southeast Asia, Malaysia has performed well despite the slowdown in global economy. […]
Japan slides into recession — with forecasts of worse to come
By Kyoko Hasegawa TOKYO: Japan dived into its first recession since 2015, according to official data Monday, with the world’s third-largest economy shrinking by 0.9 per cent in the first quarter as it wrestles with the fallout from the coronavirus. The drop in gross domestic product followed a 1.9-per cent decline in the fourth quarter […]
Finance Minister briefs Agong on finance, economic situation
KUALA LUMPUR: Finance Minister Tengku Datuk Seri Zafrul Abdul Aziz was granted an audience with the Yang di-Pertuan Agong Al-Sultan Abdullah Ri’ayatuddin Al-Mustafa Billah Shah to brief and update him on matters related to the nation’s finances and economy. “I was granted an audience to meet with His Majesty, the Yang di-Pertuan Agong on Monday 4th […]
Conditional MCO to strike balance between health, economic demands
KUALA LUMPUR: The government’s move to announce the conditional movement control order (CMCO) effective Monday, May 4, was in response to heightening economic pressure, said economist Dr Madeline Berma. This, however, does not mean people’s lives are less important compared with economic demands, she said. According to her, the government has done its level best to flatten the curve […]
Malaysia’s economy to recover with gradual reopening of sectors
KUALA LUMPUR: The gradual reopening of various sectors of the economy, with companies and organisations strictly adhering to the standard operating procedures (SOP) under the conditional movement control order (CMCO), is important to enable Malaysia recovers positively, said economists. They believed the government decision to allow the resumption of certain sectors, with the CMCO enforced […]
Helping SME weather economic challenges
KUALA LUMPUR: The government will ensure that the local small and medium enterprises (SME) sector will remain resilient and sustainable in facing the current economic challenges, especially the cash flow problem during the movement control order (MCO) period, said Tan Sri Muhyiddin Yassin. The prime minister said this is because the SME is a key […]
