Malaysia’s 2021 fiscal deficit to hover between 6.7-7 pct of GDP
KUALA LUMPUR: Malaysia’s fiscal deficit is expected to go up to between 6.5 and seven per cent of its gross domestic product (GDP) this year from the six per cent targeted earlier, after factoring in the recent stimulus packages announced by the government. Finance Minister Datuk Seri Tengku Zafrul Abdul Aziz said the government is […]
Asian markets mixed with eyes on China-US tensions, stimulus
HONG KONG: Asian markets were mixed in early trade Monday as investors weighed ongoing China-US tensions and the struggle by Washington lawmakers to hammer out a much-needed new stimulus. Analysts said there was little reaction to news that trade review talks between the superpowers due to have taken place Saturday had been postponed, though Donald […]
Asia markets rise but trade talks, stimulus cause concern
HONG KONG: Asian markets mostly rose Monday, with investors keeping a wary eye on China-US trade talks planned for the weekend, which come after Washington imposed sanctions on several Hong Kong officials, further straining tensions between the superpowers. Adding to uncertainty was US lawmakers’ inability to find common ground on a much-needed new stimulus for […]
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: […]
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 […]
