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KUALA LUMPUR: Malaysia's economy slowed down to 0.7% in the first quarter as it was significantly impacted by the measures to contain the Covid-19 pandemic but Bank Negara Malaysia expects the adverse effects to be seen more in the second quarter.
THE full reopening of the economy could be delayed until early June 2020, beyond the fourth phase of the movement control order (MCO) that is expected to end on May 12. In his much-awaited speech on the eve of Ramadan, Prime Minister Tan Sri Muhyiddin Yassin has hinted that a fifth phase of the MCO remains a possibility.
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.
PETALING JAYA: Malaysia may need to recalibrate Budget 2020 if oil prices continue to persist at current levels, with a risk of sinking further.
The new Prime Minister needs to move fast to spur growth and lay the foundation for a better tomorrow
ON Jan 1 Malaysia implemented a service tax on digital services provided by Foreign Service Providers (FSPs) to Malaysian consumers. This is a tax framework we have seen implemented in several countries in the region, with more likely to follow
FMM: Move necessary to minimise impact from coronavirus