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LETTER | Economic impact of Covid-19 on consumers severe

Slight dip in Q1 GDP likely


GDP chts
PETALING JAYA: Green shoots have been increasingly visible in the Malaysian economy, especially in the first three months of the year, led by a recovery in optimism and demand.
While the economy is not out of the woods yet, macroeconomic data have indicated that the country is continuously moving away from the “painful effects” of Covid-19 in 2020.
The Consumer Sentiment Index, published by the Malaysian Institute of Economic Research (MIER), has increased by 13.7 points to 98.9 points in the first quarter of 2021 (Q1’21) – its highest reading since Q3’18.
The Business Confidence Index, which slipped by 3.6 points to 111.8 points in Q1’21, remained well above the optimism threshold of 100 points for two consecutive quarters. ....

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Research house says data hint at narrower-than-expected 0.6% contraction for Malaysian economy in Q1


10 May 2021 / 23:27 H.
The robust recovery in manufacturing and external trade has cushioned the impact of stricter Covid containment measures, aiding the recovery last quarter. – AFPPIX
PETALING JAYA: Malaysia’s economy could register a surprise narrower decline of 0.6% year-on-year (y-o-y) for first-quarter 2021 (Q1’21), compared with a 3.4% y-o-y contraction in Q4’20 despite the reimplementation of movement control order 2.0 (MCO 2.0) from Jan 13 to March 4, 2021, according to BIMB Securities Research.
“A robust recovery in manufacturing and external trade activities alongside ongoing policy support are seen as key factors mitigating the impact of stricter containment measures and aiding the recovery last quarter,” it stated in a report. ....

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Value of ZTE's patented technology exceeds RMB 45 billion


Value of ZTE’s patented technology exceeds RMB 45 billion
in ZTE Corporation
06/05/2021
Comments Off on Value of ZTE’s patented technology exceeds RMB 45 billion
ZTE Corporation (0763.HK / 000063.SZ), a major international provider of telecommunications, enterprise and consumer technology solutions for the Mobile Internet, has been included among major participants and setters of the global 5G standards for leading the world in 5G technology, patents, standards, industries, and terminals, according to the latest report “Challenges and Prospects for China’s Telecommunications Industry and Intellectual Property Market” by established investment management company Jones Lang LaSalle (JLL).
According to the report, ZTE has also been ranked in the first tier of global patent layout in recognition of its contribution to the research and standard settings of the global 5G technology. To date, ZTE’s patented technology value has exceeded RMB 45 billion (app ....

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