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Unprecedented drop in working population
KUALA LUMPUR: The number of unemployed persons spiked by 48.8% to 778,800 in April and the overall unemployment rate increased to 5% as the economy felt the full impact from the lockdown during the Movement Control Order (MCO).
BRUSSELS: Temporary unemployment schemes operating across Europe could struggle to save the jobs of leisure and travel sector workers facing drawn-out or partial recoveries from the Covid-19 pandemic, even if they help industries that rebound quickly.
PETALING JAYA: The services sector generated an estimated revenue of RM83.29bil during the first three phases of the movement control order (MCO) up to April 28, representing a drop of 38.6% in its estimated average monthly revenue.
PETALING JAYA: The country’s unemployment rate could hit the highest level in three decades as more Malaysians are likely to lose their jobs, largely due to the novel coronavirus (Covid-19) pandemic.
BEIJING/NEW YORK: Global cases of the new coronavirus have shot past 1 million with more than 53,000 fatalities, a Reuters tally showed on Friday, as death tolls soared in the United States and western Europe while the world economy nosedived.
KUALA LUMPUR: The Consumer Price Index (CPI) increased by 1.6% in January 2020, the fastest since May 2018, due to higher transport costs following rising fuel prices.
KUALA LUMPUR: The Consumer Price Index (CPI) increased by 1.6% in January 2020, the fastest since May 2018, due to higher transport costs following higher fuel prices.
KUALA LUMPUR: Malaysia gains following renegotiations on terms of the Bandar Malaysia project contract.