News about economy

KUALA LUMPUR (Jan 31): Malaysia's economy could be hit harder by the Wuhan virus outbreak compared with the SARS outbreak in 2003, should concerns about the latest coronavirus infection persist as long as it did during the SARS episode, said Credit Suisse.

KUALA LUMPUR (Jan 22): Bank Negara Malaysia's (BNM) Monetary Policy Committee (MPC) has reduced the overnight policy rate (OPR) to 2.

KUALA LUMPUR (Jan 4): The Malaysian Digital Economy Corp (MDEC) is collaborating with Weibo to develop and implement a pilot Virtual City portal that will run on Weibo's social media platform to promote Malaysian products and services.

PETALING JAYA (Dec 28): The previous government administration pushed infrastructure development in Malaysia between 2009 and 2018 but also left the country with a mountain of debt, the Edge reported today.

KUALA LUMPUR (Dec 9): Slowing income growth among lower-income households and young workers has contributed to perceptions of being "left behind", the World Bank said in its latest Malaysia Economic Monitor report themed "Making Ends Meet".

  KUALA LUMPUR (Nov 18): Malaysia's economic recovery is likely to be a muted one due to soft oil prices, ongoing fiscal consolidation, and subdued private capital expenditure (capex) momentum amid lingering political uncertainty, according to Morgan Stanley Research's 2020 Asia Economic Outlook.

KUALA LUMPUR (Nov 15): Bank Negara Malaysia (BNM) Governor Datuk Nor Shamsiah Mohd Yunus said today Malaysia's economic growth will remain positive in the fourth quarter of 2019 (4Q19) and the expansion will be sustained into 2020, anchored by the country's private sector spending and diversified nature of its economy and exports.

KUALA LUMPUR (Nov 12): Malaysia's wholesale and retail trade sales grew 5.

KUALA LUMPUR (Oct 10): Risks to Malaysia's economic growth outlook continue to tilt towards the downside in anticipation that a sharper-than-expected slowdown in major economies, unresolved trade tension and a maturing global technology cycle could weigh on the country's export demand in the near term.

KUALA LUMPUR (Sept 27): Bank Negara Malaysia (BNM) and the Securities Commission (SC) are leading the newly-formed joint committee on climate change (JC3) to spur the Malaysian financial sector towards a low-carbon economy.