KUALA LUMPUR – About 60% of Malaysian workers will find it very challenging to survive for more than one week, let alone raise even RM1,000 in household expenses, if they suddenly lost their jobs due to the Covid-19 pandemic. This is based on a study by Bank Negara Malaysia (BNM)…
Tag: economy
PM: Economy Doing Well Because Malaysia is ‘Very Stable’
Prime Minister Dr Mahathir Mohamad has attributed Malaysia’s stability to Bloomberg’s glowing assessment of the country against other 19 other emerging markets. According to Bloomberg, Malaysia remains on top of the list due to its current account surplus, relatively stable growth outlook and valuations. When asked to comment on this…
World Bank: Malaysia to Sustain Growth, Hit High-Income Status by 2024
KUALA LUMPUR – Malaysia’s economy is projected to expand at 4.7% in 2019 and 4.6% in 2020 despite challenges, while the country is expected to achieve high-income nation status at some point between 2020 and 2024, says the World Bank. For 2018, Malaysia’s economic growth is expected to moderate in the…
Who Dominates Asian Economies?
NEW DELHI — From Xi’s China to Duterte’s Philippines, Asian economies have risen as the world’s best countries in terms of GDP. China, world’s second-largest economy stands tall with US$ 25.3 trillion and is up by 9% from 2017 followed by India at 10.38 trillion which is up by 9.8%…