Restricted movement to adversely impact the economy in short term
KUALA LUMPUR: The nationwide movement restriction to contain the Covid-19 outbreak will adversely impact the economy in the short term, but its effects will be limited, said Kenanga Research. Since important government and business services is run as usual, and that the restriction will last for two weeks, the research house said the full impact would depend on how […]
Highlights of 2020 economic stimulus package
PUTRAJAYA: Following are the highlights of the 2020 Economic Stimulus Package unveiled by Interim Prime Minister Tun Dr Mahathir Mohamad today: Introduction of 2020 Economic Stimulus Package is to ensure economic risks associated with the Covid-19 outbreak is effectively addressed The stimulus package valued at RM20 billion is anchored on three strategies as follows: Strategy I: […]
RM20 billion economic stimulus package
PUTRAJAYA: Interim Prime Minister Tun Dr Mahathir Mohamad today announced RM20 billion Economic Stimulus Package to ensure risks to the economy due to Covid-19 can be addressed effectively. He said three strategies were outlined under the package, namely addressing the impact of the disease, catalysing people-based growth, and encouraging quality investment. Several plans have also been lined […]
Stimulus package to go ahead with slight delay
KUALA LUMPUR: Political uncertainty that had wreaked havoc in the country over the weekend has now calmed down after Tun Dr Mahathir Mohamad was appointed as the interim Prime Minister yesterday. However, with the ongoing political situation, businesses are concerned if the stimulus package which is expected to be announced on Thursday (Feb 27) would hit the stop button […]
Political uncertainty impacts economy
KUCHING: The resignation of Tun Dr Mahathir Mohamad as prime minister is expected to affect the country’s economy. “It will also have direct effects on efforts to address the impact of Covid-19 on socio-economic issues including poverty,” said Fellow of Akademi Sains Malaysia Associate Professor Dr Madeline Berma told New Sarawak Tribune yesterday. “Those affected […]
Economy likely to continue growing
KUCHING: Leading Index (LI) hints the economy is likely to continue growing in the near term according to the Department of Statistics’ newly released Malaysian Economic Indicators: Leading, Coincident, and Lagging Indexes for December 2019. Chief Statistician Malaysia Datuk Seri Dr Mohd Uzir Mahidin said based on the data for the month of December 2019 […]
Political uncertainties affect economy
KUALA LUMPUR: The current political turmoil has affected the government’s efforts to improve the economy and livelihood of Malaysian businesses and the ordinary rakyat, says Democratic Action Party (DAP) secretary-general, Lim Guan Eng. “You can look at the stock market, you can judge it by yourself,” he said, when asked on how the situation would impact the economy […]
Govt mulls stimulus package, to focus on people’s well-being
WUHAN VIRUS IMPACT KUALA LUMPUR: In efforts to mitigate the impact of the 2019 Novel Coronavirus in 24 countries including Malaysia, the government is considering to inject an economic stimulus package and also to prioritise the safety and well-being of the people. Economic Affairs Minister Datuk Seri Mohamed Azmin Ali said for 2020, an allocation of […]
No economic implications of coronavirus yet
KUALA LUMPUR: The 2019 novel coronavirus outbreak has not shown any implications on Malaysia’s economy so far but it would affect the nation’s growth if the outbreak continues to spread, said Economic Affairs Minister Datuk Seri Mohamed Azmin Ali. He also said there is no necessity yet for Malaysia to temporarily stop the imports of […]
Malaysia’s economy to do better in 2020
KUALA LUMPUR: Malaysia’s economy is expected to do better in 2020 as the manufacturing purchasing managers’ index (PMI) for December 2019 rose to a 15-month high, says Finance Minister Lim Guan Eng. In a statement today, Lim said in addition, the Government is boosting employment opportunities and incomes of youth, fresh graduates and women through […]
