Malaysia has been managing its economy quite well compared with its neighbours, and has not let its fiscal deficit go out of control amid recession concerns, according to an academician. Prof Richard Vietor from the Harvard Business School said being the third largest economy in Southeast Asia, Malaysia has performed well despite the slowdown in …
COVID-19 period offers opportunity to enhance global supply chain – Sta Maria
This period of uncertainty brought on by the COVID-19 pandemic should be viewed as an opportunity to strengthen the global supply chain systems which the world has relied on so much, said Asia-Pacific Economic Cooperation (APEC) Secretariat executive director Tan Sri Dr Rebecca Sta Maria. “The COVID-19 pandemic has shown us that global medical supply chains — crucial in …
Economic activity to improve in 2H 2020 – BNM Governor
Malaysia’s economic activity is expected to gradually improve in the second half of the year (2H 2020) after COVID-19 containment measures are eased and the domestic Movement Control Order (MCO) is lifted, said Bank Negara Malaysia (BNM). BNM governor Datuk Nor Shamsiah Mohd Yunus said that would allow a gradual resumption of economic activities in the country …
Govt to launch short-term economic recovery plan – Zafrul
The government will be implementing a short- and medium-term economic recovery plan to rejuvenate the country’s economic growth soon, said Finance Minister Tengku Datuk Seri Zafrul Abdul Aziz. The plan will highlight health guidelines and safe operating procedures in the new norm, capacity building, hiring of workers, job creation as well as boosting consumer spending, …
APEC Trade Ministers commit to collectively mitigate economic impact of COVID-19
The Asia-Pacific Economic Cooperation (APEC) Ministers Responsible for Trade (MRT) has issued a statement calling for APEC Economies to hasten the fight against COVID – 19 while undertaking the necessary steps to remedy the health and economic impact of the pandemic. The Ministry of International Trade and Industry (MITI), which led the process of consensus-building among the …
