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It is too early to gauge the economic fallout in all its entirety on the housing sector as a result of Covid-19 pandemic.
KUALA LUMPUR: Small and medium-sized industries involved in the organisation of business events and property valuation firms have separately urged the government to help their respective industry, failing which many of their members would have to cease operations, leading to massive unemployment.
BEIJING: China's central bank said Friday (April 3) it would cut the reserve requirements for smaller banks to release around 400 billion yuan (US$56.3bil) in liquidity, a move to counter the coronavirus impact on enterprises.
A letter from Datuk Dr Marimuthu Nadason President, Federation of Malaysian Consumer Associations (Fomca).
Main points of Bank Negara Malaysia's Financial Stability Review 2H 2019
KUALA LUMPUR: The Malaysian economy is expected to see a contraction -2.0% at its worst and growth of 0.5% at its best in 2020, compared to 4.3% in 2019, against a highly challenging global economic outlook.
The number of people reporting loss of jobs and seeking aid under Socso's Employment Insurance Scheme (EIS) has risen substantially in March even before the movement control order (MCO) to contain spread of Covid-19 was implemented.
PETALING JAYA: The overall economic slowdown, political uncertainty in February and the Covid-19 pandemic are the “triple whammy” that have caused unemployment to rise, says the Malaysian Employers Federation (MEF).
SIBU: The Sarawak government has been urged to help small and medium enterprises (SMEs) that are badly affected by the movement control order (MCO).