Malaysia reduces interest rates to record low World

Malaysia reduces interest rates to record low

Malaysia's central bank on July 7 reduced its interest rates to a record low to fight the impact of the COVID-19 pandemic, and warned that the pace of economic recovery was uncertain.
Malaysia’s unemployment rate highest in 12 years World

Malaysia’s unemployment rate highest in 12 years

Malaysia's unemployment rate is now the highest since the 2008-2009 world financial crisis, at 3.9 percent, as people saw their livelihoods affected by COVID-19 and the movement control order (MCO), said the country’s Department of Statistics.
Malaysia may cut key interest rate again World

Malaysia may cut key interest rate again

After the Malaysian central bank (BNM)’s second overnight policy rate (OPR) cut on March 3, economists said that it will decide to shave off the key rate again and the cut will happen as early as May.
Malaysia: 3 pct fiscal deficit target challenging World

Malaysia: 3 pct fiscal deficit target challenging

Malaysian Finance Minister Lim Guan Eng said on July 22 that Malaysia will find it challenging to meet its 3 percent fiscal deficit target for next year due to uncertainties around the US-China trade war.
Malaysia's economy grows 4.7 percent in 2018 World

Malaysia's economy grows 4.7 percent in 2018

Malaysia posted a gross domestic product (GDP) growth of 4.7 percent in the fourth quarter (Q4) of last year, leading to an overall economic growth of 4.7 percent in 2018, Bernama news agency reported.