KOTA BHARU (May 8): The country s economic recovery is on the right track as measures taken by the government are beginning to show positive results, including the strengthening foreign revenue and demand, said Minister in the Prime Minister s Department (Economy) Datuk Seri Mustapa Mohamed.
He said the economic stimulus packages like PRIHATIN; PRIHATIN Package for Small and Medium Enterprises (Additional Measures); National Economic Recovery Plan (PENJANA); the Malaysian Economic and Rakyat s Protection Scheme (PERMAI); the Strategic Programme to Empower the People and Economy (PEMERKASA) and the 2021 Budget have had a positive impact on the country s economic growth.
“Several key economic indicators recorded stronger performance, including the country s Industrial Production Index, which jumped 9.3% in March 2021 the highest growth since July 2013, driven by the manufacturing and electricity indexes, which increased by 12.7% and 10.3%, respectively.
Saturday, 08 May 2021 05:27 PM MYT
Datuk Seri Mustapa Mohamed is pictured in Parliament October 7, 2019. Picture by Yusof Mat Isa
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KOTA BARU, May 8 The country’s economic recovery is on the right track as measures taken by the government are beginning to show positive results, including the strengthening foreign revenue and demand, said Minister in the Prime Minister’s Department (Economy) Datuk Seri Mustapa Mohamed.
He said the economic stimulus packages like Prihatin; Prihatin Package for Small and Medium Enterprises (Additional Measures); National Economic Recovery Plan (Penjana); the Malaysian Economic and Rakyat’s Protection Scheme (Permai); the Strategic Programme to Empower the People and Economy (Pemerkasa) and the 2021 Budget have had a positive impact on the country’s economic growth.
Friday, 07 May 2021 08:11 PM MYT
A bird s-eye view of Kuala Lumpur July 8, 2020. Picture by Hari Anggara
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KUALA LUMPUR, May 7 RAM Rating Services Bhd expects Malaysia’s year-on-year (y-o-y) economy to rebound in the second quarter of 2021 (2Q21), particularly from the preceding year’s low-base effects.
It said the spike in Covid-19 infections and the re-imposition of movement control order (MCO 3.0) in many key economic centres represented major downside risks to Malaysia’s gross domestic product (GDP) growth as they suppress consumer confidence and household spending.
“We are maintaining our 2021 GDP growth projection of 5.0 per cent for now given the slew of uncertainties such as the uptrend in Covid-19 cases, the pace of the national vaccine programme, the emergence of new virus strains and still-weak labour market conditions.
Friday, 07 May 2021 11:42 AM MYT
Malaysia’s Industrial Production Index (IPI) is expected to remain on a rebound mode until year-end. Picture by Hari Anggara
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KUALA LUMPUR, May 7 Malaysia’s Industrial Production Index (IPI) is expected to remain on a rebound mode until year-end after surging 9.3 per cent year-on-year in March 2021.
Public Investment Bank Bhd (PIVB) said the growth expectation would be driven by the recovery in global pandemic conditions, global cellular network migration and full economic reopenings in Asean.
“It would also be supported by China and major economies that would push demand for, among others, electrical and electronics (E&E) and related products, and further boosted by massive global fiscal stimulus spending that will boost consumption and investment activities,” it said in a note today.
Thursday, 06 May 2021 02:00 PM MYT
Chief statistician Datuk Seri Mohd Uzir Mahidin said the growth in the IPI in March was driven by the manufacturing and electricity index which increased 12.7 per cent and 10.3 per cent, respectively, while the mining index saw a drop of 1.9 per cent. ― Picture by Choo Choy May
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KUALA LUMPUR, May 6 ― Malaysia s Industrial Production Index (IPI) surged 9.3 per cent in March 2021 as compared to the same month last year, the highest recorded since July 2013, said the Department of Statistics Malaysia (DoSM).
Chief statistician Datuk Seri Mohd Uzir Mahidin said the growth in the IPI in March was driven by the manufacturing and electricity index which increased 12.7 per cent and 10.3 per cent, respectively, while the mining index saw a drop of 1.9 per cent.