Malaysia's economic growth is expected to improve in the second quarter of this year and recover in 2021, said Minister in the Prime Minister's Department (Economy) Mustapa Mohamed.
The Malaysian government has allowed traders to hold unlimited cheap sales in a bid to fuel consumer spending, thereby boosting the country's economy amid the COVID-19 pandemic.
Malaysian police on August 4 raided Al Jazeera's Kuala Lumpur office and seized computers as part of an investigation into a documentary about migrants produced by the broadcaster.
Thirteen foreign fishing vessels had been sunk after they were seized for encroaching Malaysian waters as of July 2020, Deputy Agriculture and Food Industry Minister Che Abdullah Mat Nawi said on July 26.
The Malaysian Government is planning to file a case with the World Trade Organisation (WTO) against the European Union (EU) by this year over its discrimination against palm oil.
Malaysia has discovered 110 containers of hazardous heavy metals from Romania and bound for Indonesia that had illegally entered the country and were abandoned last month.
Prime Minister Nguyen Xuan Phuc held a phone talk with his Malaysian counterpart Muhyiddin Yassin on June 23 to discuss cooperation between Vietnam and Malaysia, and regional and international issues of shared concern.
Malaysia would reject a settlement offer of 3 billion USD from Goldman Sachs related to the 1Malaysia Development Bhd (1MDB) financial scandal, said Finance Minister Zafrul Aziz.
Malaysia will lift restrictions on Automated Teller Machine (ATM) operating hours between 8am and 8pm, implemented during the Movement Control Order (MCO) and Conditional Movement Control Order (CMCO), on June 1.
Malaysia’s economy is expected to have contracted for the first time in more than a decade in the first quarter as COVID-19 crisis shattered private consumption and external demand.
The Malaysian government has decided to extend the travel and business restrictions for four more weeks until June 9 in the context that the Southeast Asian country gradually reopens its economic activities.
The number of unemployed people reached 520,000 in Malaysia after seven weeks of the enforcement of the Movement Control Order (MCO) to cope with the ravaging COVID-19 pandemic, forcing the government to restart the economy.
Malaysia's central bank cut its key interest rate by 50 basis points to 2 percent on May 5, its lowest since 2009, to help the country’s economy weather the impact of the COVID-19 pandemic.
The taps are running dry for small- and medium-sized enterprises (SMEs) as Malaysia moves into its fourth phase of the movement control order (MCO) to curb the spread of COVID-19, reported The Star newspaper.
World
