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Research institute now sees the economy contracting 5.5%
KUALA LUMPUR: In its Consumer Sentiments Survey Report for the third quarter (Q3) of 2020, the Malaysian Institute of Economic Research’s (MIER) said consumers remained cautious on the Covid-19 pandemic.
KUALA LUMPUR: The Business Conditions Index (BCI) posted a modest recovery of 25.3 points in the third quarter (Q3) of 2020, settling at 86.3 points compared with a major drop of 22.0 points in Q2, indicating a boost in manufacturers’ confidence level.
PETALING JAYA: Like other sectors facing the brunt of the ravaging Covid-19, the consumer products sector is also one that has been impacted. Analysts expect to see recovery in the sector by next year with the Covid-19 vaccine hitting the market.
PETALING JAYA: While most companies are back in business, the risk of further layoffs remains, particularly for small businesses, as the automatic loan moratorium period comes to a close at the end of this month.
OVER the past couple of months, financial markets have fluctuated wildly due to the Covid-19 pandemic and collapse of crude oil prices since early March. Warnings of an imminent global recession have been ringing louder than ever.
JOHOR BARU: Former Bank Negara governor Tan Sri Zeti Akhtar Aziz and economist Tan Sri Kamal Salih have been rumoured to be among the big names in the soon-to-be-announced lineup for the Johor State Economic Reform Committee (SERC).