Tag: economy

Singapore warns of worst economic contraction since independence

Singapore's embattled economy could shrink by as much as seven percent this year, which would be the worst reading since independence, with the government...

Singapore’s GDP forecast downgraded to -7.0 and -4.0%

In a press released issued by Singapore's Ministry of Trade and Industry (MTI), the island nation's economy has contracted by 0.7 percent on a...

Bank Negara cuts OPR by 50 bps as economic conditions to...

Bank Negara Malaysia (BNM) has cut its overnight policy rate (OPR) by 50 basis points (bps) to 2 percent.The central bank after its Monetary...

Re-opening the Economy in a New Normal

By Smita Kuriakose, Senior Economist, World BankAfter 47 days of the Movement Control Order (MCO), most businesses have been allowed to resume operations on...

Recovery plan underway to revive Malaysia’s economy end of MCO, says...

By Poovenraj KanagarajIn his weekly Facebook address, Finance Minister Tengku Datuk Seri Zafrul Tengku Abdul Aziz said the government has embarked on a plan...

Recession today, opportunity tomorrow: how to build sustainability today and prepare...

By Dr V. SivapalanAs I write this article more than 1.5 million people worldwide have been infected by COVID-19, ninety thousand people have lost...

MACEOS urges for government intervention to aid business events industry

The Malaysian Association of Convention and Exhibition Organisers and Suppliers (MACEOS) has welcomed the news of the setting up the Special Cabinet Committee.They have...

Property market expected to bounce back in the near term

PropertyGuru Malaysia has anticipated the corresponding effects on home seeker sentiment to be short-lived, further hinting on prospects for recovery in the near term.“Income...

Malaysia in 2020: Navigating Overlapping Shocks

By Firas Raad World Bank Country Manager for Malaysia Malaysia is no stranger to external shocks affecting its macroeconomy. Over the past two decades, it was...

Weathering the Covid-19 storm

Business Today Malaysia spoke to Shahrul Nizar,  Mayor of KidZania on how the business have been coping with the ongoing impact arising from the...

Asia markets mostly up after Wall St rally but nerves remain

Most Asian equities enjoyed gains Tuesday following another rally on Wall Street, while oil bounced, with traders welcoming a surprise jump in Chinese factory...

Economic stimulus package lacks comprehensive exit strategy

Dubbed as the largest-ever stimulus package for the country, the recently announced economic stimulus package by Prime Minister Tan Sri Muhiyiddin Yassin has received...

Singapore GDP contracts sharply, in warning for virus-hit global economy

Singapore's economy suffered its biggest contraction since the financial crisis during the first quarter as the coronavirus pandemic escalated, data showed Thursday,an ominous sign...

Canada pumps Can$200 billion into virus-stricken economy

Prime Minister Justin Trudeau on Friday announced a series of measures to boost the Canadian economy,almost doubling the amount of the aidpledged just two...

Asian Markets Sink As Pandemic Deaths Soar

Monday 3/23/2020 - 16:35 UTC+8Asian markets were hammered today despite massive economic stimulus efforts worldwide, with investors spooked by the relentless march of the...

Private, online and hi-tech: the coronavirus economy

The coronavirus pandemic has sent stock markets into free fall and industries to the wall, however many firms enabling more private, online and tech-based...

StanChart Global Research lowers Malaysia’s GDP growth forecast to 2.5 percent...

The Standard Chartered Global Research team has lowered their 2020 Growth Domestic Product (GDP) growth to 2.5 percent from 4.2 percent in order to...

Covid-19 outbreak and movement restriction order places Malaysia in a tight...

Prime Minister Tan Sri Muhiyiddin Yassin’s two week Movement Restriction Order (MRO) in order to curb further outbreak of the Covid-19 virus will have...

COVID-19 Weighs In On Malaysia’s GDP Growth

According to ICAEW’s latest Southeast Asia report, economic growth in Malaysia is expected to slow to 3.7 percent in 2020 amid the COVID-19 situation...

NPLs To Rise For Malaysian Banks As Political Uncertainty Adds To...

S&P Global Ratings March 5, 2020S&P Global Ratings said that it expects slower credit growth and a higher nonperforming loan (NPL) ratio for Malaysian...
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