PETALING JAYA: Malaysian taxpayers spent RM82 billion last year just to keep civil servants on the job. They also forked out RM27.1 billion to show th.
PETALING JAYA: Reduce the size of the government. Stop all non-essential activities. Retrain civil servants for new tasks. These are among several pro.
PETALING JAYA: Apart from addressing the needs of the poor, Budget 2022 must focus on economic recovery, an objective the current budget is not likely.
Published on: Tuesday, May 25, 2021
By: Bernama
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Malaysia recorded a GDP contraction of 0.5pc in Q1 2021, a sign of recovery from a decline of 3.4pc in the preceding quarter, with improvement seen in all economic sectors. (Image: Reuters)
Kuala Lumpur: The significant role exports can play in Malaysia’s gross domestic product (GDP) growth in 2021 would depend on the pace of vaccination in the country, said economists.
Sunway University Business School economist Professor Dr Yeah Kim Leng said domestic consumption and investment could be strengthened with the relaxation on social and economic activities, only through ramping the vaccination process to achieve herd immunity by year-end and keeping the daily infection cases at a manageable level.