News about economy

KUALA LUMPUR (April 8): Businesses, even some essential ones are finding it difficult to sustain amid the sluggish economy which is compounded by the COVID-19 virus outbreak and the ensuing Movement Control Order (MCO) imposed by the government.

KUALA LUMPUR (April 8): Malaysians occupied 12 spots on Forbes’ 2020 Billionares List, compared to 13 in 2019.

KUALA LUMPUR (April 6): AmBank Group Research said even if the movement control order (MCO) is lifted by mid-April or end April, demand is expected to be weak for some time due to travel aversion and social distancing.

KUALA LUMPUR: The government said it will establish a special cabinet committee to develop strategic measures to safeguard Malaysia’s economy and labour market impacted by Covid-19.

KUALA LUMPUR (April 3): Bank Negara Malaysia (BNM) said the continuation of large-scale infrastructure projects will provide additional lift to the economic growth amid the challenging economic conditions.

KUALA LUMPUR (April 1): The World Bank is projecting a negative economic growth for Malaysia this year amid the COVID-19 crisis, but said the country is likely to recover in the fourth quarter (4Q) of the year before bouncing back into smoother momentum in 2021.

KUALA LUMPUR (March 31): Most businesses will not be able to qualify for the wage subsidy scheme in the government's Prihatin stimulus plan, said research firm Fitch Solutions Country Risk and Industry Research in a Malaysiakini report .

KUALA LUMPUR (March 31): Thomas Schaefer, the finance minister of Germany’s Hesse state, has committed suicide apparently after becoming “deeply worried” over how to cope with the economic fallout from the coronavirus, AFP reported state premier Volker Bouffier saying on Sunday.

KUALA LUMPUR (March 27): In line with Prime Minister Tan Sri Muhyiddin Yassin’s promise of a more inclusive and comprehensive economic stimulus package, the government has unveiled some financial assistance targeted at those working in the gig economy.

KUALA LUMPUR (March 27): The government has announced several measures aimed at assisting the B40 given the challenges brought about by the COVID-19 pandemic and the Movement Control Order (MCO), ranging from one-off cash handouts to rental exemptions.