Malaysia’s GDP likely to grow by 0.5 pct in Q1 2021
KUALA LUMPUR: Malaysia’s gross domestic product (GDP) is likely to have grown by 0.5 per cent quarter-on-quarter in the first quarter of 2021 (Q1 2021), compared to the 0.3 per cent contraction seen in Q4 2020, said Moody’s Analytics. It said although Malaysia has contended with a severe resurgence in Covid-19 cases that peaked in […]
Countries with the most generous welfare programmes
Source: Finance.yahoo.com To identify the countries with the most generous social programs in the world, 24/7 Wall St. reviewed public social expenditures as a percentage of GDP from “Social Spending Stays at Historically High Levels in Many OECD Countries,” a report published in 2016 by the Organization for Economic Cooperation and Development (OECD). The ranking […]
Emergency not for government to hang on to power
KUCHING: The present state of emergency in the country is not used as a weapon by Perikatan Nasional (PN) to cling on to power, Deputy Minister of Plantation Industries and Commodities Datuk Willie Mongin insisted. To him the purpose is to allow the government to battle the Covid-19 pandemic while looking after the socio-political harmony […]
Worst is behind us, Malaysia will emerge stronger by year-end
KUALA LUMPUR: The systematic roll-out of the National Covid-19 Immunisation Programme and the country’s economic recovery plan that embeds strict adherence to standard operating procedures (SOPs) will be the key to drive Malaysia back on its track, making it stronger by end-2021, Finance Minister Tengku Datuk Seri Zafrul Abdul Aziz said. He said based on […]
Another lockdown will upset economic growth
KUCHING: Another complete lockdown in the country will upset economic growth, severely impacting businesses and push up unemployment rate, said economist Datuk Dr Madeline Berma. She said if Malaysia decided to impose another lockdown, the country’s gross domestic product (GDP) would definitely be affected. “A lockdown will also affect the government’s objective of trying to […]
Govt’s debt, liability exposures at RM1.257 trillion as at end-September
KUALA LUMPUR: The government’s total debt and liability exposures are estimated to be RM1.257 trillion, or 87.3 per cent of the Gross Domestic Product (GDP), as at the end of September 2020, said Deputy Finance Minister II Mohd Shahar Abdullah. Federal debt as at end-September amounted to RM874.3 billion or 60.7 per cent of GDP, […]
Help for those going into online businesses
KUCHING: The Ministry of Entrepreneur Development and Cooperatives (MEDAC) aims to assist more entrepreneurs to venture into online businesses while assisting those already in the field to enhance their e-commerce platforms. Its minster, Datuk Seri Dr Wan Junaidi Tuanku Jaafar, said this is to recognise the performance and potential in the e-commerce sector in expanding […]
State’s agricultural sector resilient
SARAWAK’S agriculture sector has remained resilient as an important contributor to the state’s Gross Domestic Product (GDP), contributing 12.1 percent or RM16.5 billion to the state’s GDP last year. Deputy Chief Minister Datuk Amar Douglas Uggah Embas said last year, Sarawak recorded a state agriculture trade balance surplus of RM6.9 billion. “However, in terms of […]
Covid-19 fund ceiling to be raised to RM65bln
KUALA LUMPUR: The government intends to amend the schedule of the Temporary Measures for Government Financing Act (Coronvirus disease 2019) to raise the ceiling of the Covid-19 Fund by RM20 billion to RM65 billion. Finance Minister Datuk Seri Tengku Zafrul Tengku Abdul Aziz said the move takes into account the pandemic’s latest wave and needs […]
Be ready for the challenges
KUCHING: As Sarawak moves towards a digital economy, it must be ready to face challenges and unsolved issues which come with it. This was pointed out by Emeritus Professor of World Competitiveness at Institute of Management Development (IMD) Lausanne, Professor Stephane Garelli when he delivered his keynote presentation on ‘The Changing Global Economic Landscape & […]
