Malaysia sees signs of economic recovery in second quarter World

Malaysia sees signs of economic recovery in second quarter

The Malaysian government will decide whether to revise its growth target of between 6 percent and 7.5 percent this year based on the gross domestic product (GDP) performance for the second quarter, as the economy is seeing signs of recovery, said an official.
Malaysian King convenes meeting on parliament operations World

Malaysian King convenes meeting on parliament operations

Malaysia has been under a state of emergency since January 12 until August 1 due to COVID-19. Parliament sittings are not allowed to take place during the emergency. The country's opposition has since called for parliament to be reconvened to allow discussion and bilateral cooperation on the pandemic response
COVID-19: Malaysia drafts National Recovery Plan World

COVID-19: Malaysia drafts National Recovery Plan

Malaysian Prime Minister Muhyiddin Yassin said on June 13 that the Government is drafting a National Recovery Plan in preparation for the country to emerge from the COVID-19 pandemic at a reasonable level.
Malaysia’s trade deficit in services hit record in 2020 World

Malaysia’s trade deficit in services hit record in 2020

Malaysia’s trade deficit in services increased to 47.4 billion RM (11.5 billion USD) in 2020, the highest deficit ever recorded, owing to the unprecedented COVID-19 pandemic that has significantly restrained economic activities globally.
Toyota, Honda suspend production in Malaysia World

Toyota, Honda suspend production in Malaysia

Toyota Motor Corp and Honda Motor Co. have ceased operation of their factories in Malaysia after this Southeast Asian country initiated a national lockdown to curb the spread of COVID-19 on June 1.
Malaysia’s manufacturing continues recovering in May World

Malaysia’s manufacturing continues recovering in May

The manufacturing sector of Malaysia continued to recover in May but stricter measures to combat a renewed surge in COVID-19 infections had an adverse impact on production volumes, according to American-British information provider IHS Markit.