Roundup: IMF revises down 2020 Asian economy forecast to 2.2-pct contraction

WASHINGTON, Oct. 21 (Xinhua) -- The International Monetary Fund (IMF) on Wednesday revised down its 2020 forecast for the Asian economy to a contraction of 2.2 percent, calling it "the worst outcome for this region in living memory."

Singapore’s GIC flags lower returns

Chief executive cautions pandemic would weigh on performance

Construction sector seen as catalyst for growth

Possible rollout of mega jobs augurs well for industry

Is Covid-19 proof that globalisation needs to be curbed?

We live in a very connected world through which a disease can run rampant. But that is not reason enough to sever those connections.

Moody’s slashes Malaysia’s 2020 GDP growth forecast to 3% on risks

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.

Cabinet must address economic headwinds, say analysts

Ideas: Focus on household debt

PETALING JAYA: The Institute for Democracy and Economic Affairs (Ideas) is urging the government to focus on household debt, instead of home-ownership.PETALING JAYA: The Institute for Democracy and Economic Affairs (Ideas) is urging the government to focus on household debt, instead of home-ownership.

Malakoff’s latest asset disposal to pare down its RM15bil debt

WITHIN the corporate Malaysia circle, the high indebtedness of companies linked to billionaire Tan Sri Syed Mokhtar Albukhary is widely known and have been much discussed.WITHIN the corporate Malaysia circle, the high indebtedness of companies linked to billionaire Tan Sri Syed Mokhtar Albukhary is widely known and have been much discussed.

House prices beyond affordability of most Malaysians

KUALA LUMPUR: Most Malaysians cannot afford to buy newly launched houses, as the average price of new properties is nearly 48% higher than the maximum affordable house price in Malaysia

Experts support return to GST

PETALING JAYA: The idea to reintroduce the goods and services tax (GST) to cushion the government’s coffers amid the prevailing lower oil price, uncertain economic growth from the continuing US-China trade war and the country’s high indebtedness has received support from some experts.