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THE Safety Glass Processors Association of Malaysia (SGPAM) fully acknowledges the Government’s timely and proactive response by the unveiling of the Prihatin Rakyat Economic Stimulus Package and it is reassuring to note that the people’s interests are being taking into account and addressed.
From the time tensions over trade between the United States and China began in 2018, China’s furniture exports to the United States became subject to tariffs of up to 25% by 2019, prompting many manufacturers to shift their positions to set up factories in Malaysia, followed by numerous buyers who have transferred orders to Malaysia.
THE Covid-19 pandemic has caused a devastating impact to the world and Malaysia. It has posed immense challenges to businesses as well as ordinary Malaysians – where household incomes continue to decline and jobs are at risk.
To combat the economic fallout from the coronavirus outbreak, Malaysia has unveiled a landmark comprehensive rescue plan worth a total of RM250bil, that’s almost one-fifth of the country’s gross domestic product (GDP). It is the largest-ever stimulus package for the country.
New Finance Minister needs all the support he can get
IT goes without saying that the pressure is on for ex-banker and now Finance Minister (FM) Tengku Datuk Zafrul Tengku Abdul Aziz (pic), who on his first day of office said that the focus is “on the immediate challenges ahead economically”.
PETALING JAYA: Malaysia may need to recalibrate Budget 2020 if oil prices continue to persist at current levels, with a risk of sinking further.