News about economy

KUALA LUMPUR (July 20): Despite the numerous challenges brought by the COVID-19 pandemic, Malaysia is riding out the severe economic downturn comparatively better than many economies, said the World Bank.

PUTRAJAYA (July 6): The government's top priority during the Recovery Movement Control Order period is to ensure that the economy is back on the right track through the economic stimulus packages and assistance, according to Prime Minister Tan Sri Muhyiddin Yassin (pictured).

KUALA LUMPUR (June 26): The Government’s stimulus packages and the short-term economic recovery plan have softened the impact of the COVID-19 pandemic and paved the path towards economic recovery, said Minister in the Prime Minister’s Department (Economy), Datuk Seri Mustapa Mohamed.

KUALA LUMPUR (June 23): The government has been informed that there are employers who did not channel the money provided under the Prihatin Rakyat Economic Stimulus Package's (PRIHATIN) Wage Subsidy Programme to their workers, hence violating the conditions set.

KUALA LUMPUR (June 23): The country’s debt level could hit the statutory limit of 55% of gross domestic product at the end of the year from 52% currently following the implementation of measures to save lives, protect livelihoods and stimulate the economy, Finance Minister Tengku Datuk Seri Zafrul Abdul Aziz said yesterday.

KUALA LUMPUR (June 23): The wage subsidy programme, implemented by the government to address Covid-19 and its impact on the country's economy, has saved 2.

KUALA LUMPUR (June 17): Casino-to-hospitality company Genting Malaysia Bhd is cutting 3,000 jobs, according to people familiar with the matter in a Bloomberg report today.

KUALA LUMPUR (June 12): The Berjaya Tioman Resort on Pulau Tioman in Pahang has announced that it will close permanently on June 15, the Malay Mail reported today.

KUALA LUMPUR (June 11): Malaysia's sales value of wholesale and retail trade plunged 36.

KUALA LUMPUR (June 10): The Building Material Cost Index (BCI) (without steel bars) in Peninsular Malaysia in May 2020 has increased between 0.