Malaysia’s economy improves following govt’s recovery measures
KUALA LUMPUR: Prime Minister Tan Sri Muhyiddin Yassin expects the country’s economic situation to improve this year, in line with the government action and the recovery of economic activity and world trade despite the Covid-19 pandemic. He said Malaysia is on the right track in economic planning and management towards stronger and sustainable growth and […]
State records 533 new Covid-19 cases, 1 death
KUCHING: Sarawak recorded 533 new Covid-19 positive cases and one death today (May 14). The State Disaster Management Committee (SDMC) said the latest figures bring the total number of cases in the state to 37,654, with the death toll at 215. The committee said the 215th death, Case 32,307, involved a 60-year-old local woman who […]
405 new cases, one death
KUCHING: Sarawak recorded 405 new Covid-19 cases on Wednesday, bringing the state’s tally to 36,726. In a statement, the Sarawak Disaster Management Committee (SDMC) said 289 of these new cases, or 71.36 percent, were detected in the districts of Kapit, Sibu, Bintulu, Miri, and Kuching. Breakdown of new cases SDMC said 79 of the new […]
Karim optimistic state tourism will recover
KUCHING: Be optimistic that the tourism sector will recover soon. This is the message of Minister of Tourism, Arts and Culture Sarawak Datuk Abdul Karim Rahman Hamzah to the ministry and members of the local tourism industry. He anticipated that the tourism sector would be on the rebound soon because of the ongoing vaccination exercise […]
Malaysia’s 2020 GDP growth is better than expected
KUALA LUMPUR: Malaysia’s gross domestic product (GDP) growth for 2020 is better than expected and the country’s economy has shown various signs of recovery, said Finance Minister Tengku Datuk Seri Zafrul Tengku Abdul Aziz. Malaysia’s GDP contracted 3.4 per cent in the fourth quarter of 2020 (Q4 2020) amid a significant increase in Covid-19 infections, […]
Victory against pandemic by Jan 2022
KUCHING: Malaysia will win the fight against the Covid-19 pandemic by January 2022, a political analyst opined. Datuk Peter Minos said the country will see economic recovery, but patience and understanding are vital during this crucial time. “Malaysia Boleh as we used to say and I predict that about a year from now we will […]
The worst is over for Malaysia’s property
KUALA LUMPUR: The worst is over for Malaysia’s property, with major impairment on unsold inventories having been mostly done over the last nine months. Maybank Investment Bank Bhd (Maybank IB) said hence, positioning the sector for recovery is in line with better economic outlook in 2021. “In our view, the undemanding sector valuations of 0.4xPBV/0.3x […]
AirAsia upbeat on recovery trajectory
KUALA LUMPUR: As the domestic travel and tourism industry slowly bounces back, the world’s best low-cost airline AirAsia says it is experiencing green shoots for a promising recovery after being severely hit by the Covid-19 pandemic. AirAsia.com chief executive officer Karen Chan said although the journey might be tough, the airline company would ramp up […]
Finas to assist local music industry
KUCHING: The National Film Development Corporation Malaysia (Finas) will assist the music industry in the next six months as part of its initiative to recover the economy in the creative industry. “The element of music is important in the film industry because if a film lacks music, then surely it will be less interesting because […]
Proton sales in May show early signs of recovery
KUALA LUMPUR: Proton Holdings Bhd said there were early signs of recovery as it sold 5,676 vehicles, an improvement of 73.2 per cent compared with March 2020, despite the need to comply with the standard operating procedures of the conditional movement control order (CMCO). Automotive companies restarted operations under the CMCO and the industry in […]
