News about economy

KUALA LUMPUR (Nov 16): Job or employment loss appears to be Malaysians' top worry as the unprecedented Covid-19-led economic crisis has taken a toll on everyone across the nation, according to independent think tank EMIR Research Sdn Bhd's survey involving 2,096 respondents.

KUALA LUMPUR (Nov 6): Malaysia's gross domestic product (GDP) is expected to grow between 6.

KUALA LUMPUR (Oct 5): Finance Minister Tengku Datuk Seri Zafrul Aziz has said Malaysia's debt levels are set to rise as the country embarks on measures to support businesses and citizens to deal with the economic fallout from the Covid-19 pandemic.

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 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): Is the pandemic a boon to autocracy? In Malaysia, efforts to constrain the coronavirus have chipped away at the very democratic principles that for decades made the country a natural US ally and bastion of stability in a volatile region, Bloomberg reported today.

PETALING JAYA (June 6): The reintroduction of the National Home Ownership Campaign (HOC) will encourage certain property investors to re-enter the property market, according to real estate consultancy Savills Malaysia managing director Datuk Paul Khong.

KUALA LUMPUR (June 4): More hotel closures seem to be the order of the day due to the Covid-19 pandemic and the latest casualties are three Swiss Garden International (SGI) hotels across the country, the New Straits Times (NST) reported today.