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Granting SMEs peace of mind
PETALING JAYA: Since the Prihatin Special Grant (GKP) for micro small and medium enterprises (MSMEs) was announced by Prime Minister Tan Sri Muhyiddin Yassin in April 2020 to support business continuity, slightly over 900,000 SME micro businesses have benefited from the cash handout.
‘Timely measures kept economy afloat’
SWIFT measures by the government to revive the economy has earned the thumbs up from economists.
Budget sets tone for recovery
PETALING JAYA: Budget 2021, Malaysia’s largest budget allocation in history, will be a key instrument that sets the tone for an accelerated economic recovery next year.
Making Malaysia an attractive investment destination
PETALING JAYA: After a sharp contraction in the second quarter of 2020 due to the Covid-19 containment measures, private investments in Malaysia have shown signs of gradual recovery.
We’re on course for economic recovery, says MARC
PETALING JAYA: Malaysia’s third quarter gross domestic product (GDP), which shrank 2.7% compared to a decline of 17.1% in the second quarter of the year, signals Malaysia’s path towards economic recovery, says Malaysian Rating Corp Bhd (MARC).MARC projected the full-year GDP forecast for 2020 to be between -4.5% and -5.5% before recovering to a growth of 6.3% to 6.7% in 2021, citing rebound by major trading partners that will aid recovery next year.
Virus fight at risk as world's medical glove capital struggles with lockdown
KUALA LUMPUR (Reuters) - Disposable rubber gloves are indispensable in the global fight against the new coronavirus, yet a month's lockdown in stricken Malaysia where three of every five gloves are made has upended the supply chain and threatens to hamstring hospitals worldwide.
No honeymoon for new Cabinet
PETALING JAYA: The newly formed triumvirate of Cabinet ministers overseeing the economy would need to hit the ground running to boost the country’s economic growth, which might be in jeopardy coming from recent external and domestic woes.
‘Economy to remain resilient’
PETALING JAYA: The Malaysian economy is set to recover in the second half of 2020, with no major economic crisis on the horizon, analysts say.
Pakatan to blame for low dividends, claims Umno
PETALING JAYA: Umno leaders say the all-time low income distribution by Amanah Saham Bumiputra (ASB) shows that investors and businesses are troubled by the political instability in Malaysia.
Consumers ‘will suffer if diesel subsidy removed’
GEORGE TOWN: With some 150 companies operating about 5,000 prime movers in the northern region, the Association of Malaysian Hauliers has expressed concern over possible changes to the diesel subsidy scheme.
