Tag: GDP

Singapore’s Covid-19 Christmas economics

Kuala Lampur, Dec. 27 -- There's no snow. No real sleigh bells. And no one's roasting anything by an open fire but this weekend Singapore celebrated Christmas like never before. Instead of big parties and Christmas fairs, we had smaller events and households hosting smaller...

Singapore surpasses Switzerland

Kuala Lumpur, Dec. 20 -- So, after months of Covid-19's unprecedented economic contraction, restrictions and the embarrassment of large-scale transmission within foreign workers' dormitories, our leaders have pulled off a real triumph. The world economic Forum (WEF) -the summit of the most powerful world and...

Chinese state-owned companies debt defaults send investors into a tizzy

India, Dec. 14 -- Despite claims of an economic recovery, Chinese state-owned companies are defaulting on their debts. A string of missed debt repayments by major firms has shaken local as well as global markets. State firms defaulted on a record $6.1 billion worth...

Putrajaya should spend another RM45b in 2021 for economic growth, says Lim

KUALA LUMPUR, Dec. 9 -- The federal government should have spent and borrowed more to save jobs, businesses and livelihoods next year, said DAP secretary-general Lim Guan Eng. The Bagan MP, who was also the finance minister in the Pakatan Harapan government, said the country's...

LGE: Expect more credit rating downgrades if PN govt continues to bury its head in the sand

KUALA LUMPUR, Dec. 7 -- DAP's Lim Guan Eng has warned the government to expect more sovereign credit rating downgrades for Malaysia in the future if it does not accept that the country is in the midst of an economic and political crisis. The recent...

Tengku Zafrul: Govt targets shadow economy, no more selling of duty-free cigarettes

KUALA LUMPUR, Nov. 28 -- The government announced several measures to improve revenue collection including from the shadow economy, Finance Minister Datuk Seri Tengku Zafrul Aziz said. This would mean that there will be no more selling of duty-free cigarettes on duty-free islands. "So, no more...

Rise in Covid-19 cases leaves health experts divided on CMCO’s efficacy

KUALA LUMPUR, Nov. 23 -- The persistent spike in daily Covid-19 cases in the last two months has prompted health analysts to question if the renewal of the conditional movement control order (CMCO) has been effective in reining in the pandemic. Despite the consensus that...

Analysis | India has rightly shunned RCEP for now

India, Nov. 20 -- India's decision to stay out of the China-backed Regional Comprehensive Economic Partnership, or RCEP, Asia's mega free-trade agreement (FTA), has been met both with a sense of approval and disappointment and divided economists on the issue. The RCEP is an FTA...

Fiscal deficit reduction; is there a magic number? – Jason Loh

Kuala Lampur, Oct. 31 -- Covid-19 has reignited that never-ending debate on the effectiveness of fiscal policy versus monetary policy in times of economic crises and doldrums. By extension, one of the burning issues arising from this is the level of the fiscal deficit...

Guan Eng calls for all parties to push Perikatan for automatic moratorium extension

KUALA LUMPUR, Oct. 28 -- All political parties in Malaysia should collaborate and press the Perikatan Nasional (PN) government under Prime Minister Tan Sri Muhyiddin Yassin to extend the bank loan moratorium by another six months, said DAP secretary-general Lim Guan Eng. He said doing...