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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.
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.
SHANGHAI: Analysts are increasingly slashing their earnings projections for Asian companies as the coronavirus keeps spreading globally.
SYDNEY/HONG KONG: Asian shares sank on Monday as a rising tide of national lockdowns threatened to overwhelm policymakers' frantic efforts to cushion what is likely to be a deep global recession.
SYDNEY: Asian shares slid on Monday as more countries all but shut down in the fight against the coronavirus, threatening to overwhelm policymakers' frantic efforts to cushion what is clear to be a deep global recession.
Warnings of an imminent global recession have been ringing louder than before. With key economic data worldwide continuing to disappoint amid the novel coronavirus (Covid-19) outbreak, experts say the worst is yet to come.
PETALING JAYA: Moody’s Investors Service has revised downwards its gross domestic product (GDP) growth forecast for Malaysia to 3.0% in 2020, and 4.7% in 2021, in view of current risks.
BEIJING: One of the only shelters from the volatility convulsing global equities is looking increasingly vulnerable.
GEORGE TOWN: Despite the outbreak of the Covid-19 coronavirus, CAB Cakaran Corp Bhd’s joint-venture integrated poultry project with Salim Group in Indonesia has started its construction work.