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Bank Negara’s good and bad news
While Malaysia will not be spared from the global growth contraction this year due to the Covid-19 pandemic, the central bank is confident that the Malaysian economy can weather the challenges.
RHB Investment Bank forecasts zero growth for Malaysia this year
KUALA LUMPUR: RHB Investment Bank Bhd is forecasting a zero per cent growth for the country this year, which is within the range of Bank Negara Malaysia's (BNM) real gross domestic product (GDP) growth projection.
World Bank cuts Malaysia GDP forecast
PETALING JAYA: Uncertainties arising from the large-scale disruptions to economic activity due to the Covid-19 pandemic, has resulted in the World Bank slashing Malaysia’s 2020 GDP growth projection to negative 0.1%.
Huawei reports jump in 2019 profits despite US blacklist
HONG KONG: Huawei Technologies Co reported a healthy bump in revenue and earnings for 2019, in spite of a sustained effort from the United States to curtail its business on the global stage
Fears extend from recession to depression
AN eerie depiction of baby coronaviruses gleefully on a world tour bus “Corona Express” which is speeding downhill, points to the rapid destruction caused by this pandemic.
Governments face further downside risk
The coronavirus (Covid-19) outbreak, which has been declared a pandemic, has resulted in considerable economic disruption and human suffering.
Saving Malaysia’s economy
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.
Fires of U.S. culture wars flare amid coronavirus crisis
WASHINGTON (Reuters) - As the coronavirus pandemic spread across the United States this week, Republicans in Texas and Mississippi sought to further limit abortion access and New Jersey's Democratic governor refused to declare gun shops an essential service that would stay open.
Schroders: World economy to shrink by 3.1% this year
PETALING JAYA: This year is poised to be the worst year since the 1930s and Schroders has forecast the world economy to contract by 3.1% before rebounding by 7.2% next year.
G20 leaders to speak on Thursday about coronavirus - sources
RIYADH (Reuters) - Leaders from the Group of 20 major economies will convene a video conference on Thursday to discuss the coronavirus epidemic, multiple sources told Reuters, amid criticism that the group has been slow to respond to the global crisis.