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KUALA LUMPUR, Aug 28 — RAM Rating Services Bhd (RAM Ratings) has maintained its 2021 forecast for Malaysia’s gross domestic product (GDP) at 3.8 per cent. In its latest Economic Update 2021 report, the credit rating agency, however, said the ramped-up vaccination rate in the country is expected...
Second-largest GDP component to withstand challenges
PETALING JAYA: In spite of trade activities coming under pressure amid tighter restrictions due to the high number of Covid-19 cases, the country’s trade surplus for the year is expected to be sturdy. Although some sectors may see cancellation of future export orders and disruption in supply chains due to the tighter restrictions from the lockdown, on the whole, economists are confident that the nation’s trade surplus would remain sizable this year. In a bid to curb the pandemic, the government has announced the enhanced movement control order (EMCO) in parts of Selangor and Kuala Lumpur ...
PETALING JAYA: The Malaysian bond market, which registered the 13th straight month of positive net foreign inflows in May, will likely see lesser foreign inflows in the coming months as inflationary pressure in the US builds up.
Friday, 07 May 2021 08:11 PM MYT A bird's-eye view of Kuala Lumpur July 8, 2020. — Picture by Hari Anggara Subscribe to our Telegram channel for the latest updates on news you need to know. 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 (...