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THE already bumpy road to economic recovery may turn bumpier as the headwinds blow harder. The resurgence of Covid-19 cases is threatening the country’s path to recovery, raising concerns over the survival of businesses and the people’s willingness to spend.
KUALA LUMPUR: The Statistics Department sees challenging conditions ahead for the Malaysian economy due to enforcement on the conditional Movement Control Order (CMCO) following the third wave of the Covid-19 outbreak.
PETALING JAYA: Malaysia’s economy is expected to continue to grow in the months ahead, based on the latest economic indicators but risks from Covid-19 remain, the Statistics Department says.
KUALA LUMPUR: Malaysia’s economy is expected to continue to grow in the months ahead, based on the latest economic indicators but risks from Covid-19 remain, the Statistics Department says.
KUALA LUMPUR: Malaysia’s economic activity outcome for the third quarter (Q3) is expected to improve, given the government’s various stimulus packages to support overall economic growth, said the Department of Statistics Malaysia (DOSM).
KUALA LUMPUR: The positive expectations in the Leading Index (LI) will lead to improved investor sentiment, boosting consumer and business spending, according to economists.
THE dollar advanced 1.54% to 93.35, near a two-month high as the risk sentiment dents ahead of the November US elections as well as a continued increase in Covid-19 infections.
KUALA LUMPUR: CGS-CIMB Research estimates the RM10 billion PRIHATIN Supplementary Initiative Package (KITA PRIHATIN) will increase the Ministry of Finance's last projected budget deficit by 0.7 per cent of gross domestic product (GDP).
KUALA LUMPUR: AmBank Research believes Bank Negara Malaysia will not cut the Overnight Policy Rate (OPR) again this year as economic conditions are seen improving.