ECONOMIC REPORT LIST

Several initiatives to prepare graduates for gig economy – MoF

KUALA LUMPUR, Nov 6 -- The government has implemented several initiatives to prepare graduates for the gig economy.


Public sector debt at RM1.2 trillion

KUALA LUMPUR, Nov 6  -- Public sector debt till June 2020 increased to RM1.2 trillion or 85.5 per cent of Gross Domestic Product (GDP) due to higher Federal Government fiscal deficit to finance the COVID-19 pandemic stimulus measures, the Finance Ministry said.


Timely response in imposing MCO cushions impact of COVID-19 crisis

KUALA LUMPUR, Nov 6 -- The timely response by the government in imposing the Movement Control Order (MCO) since March 18 to flatten the curve of COVID-19, complemented by swift stimulus packages, has cushioned the impact of the crisis in the country.


Shadow economy declining but presence still deters development of inclusive economy

KUALA LUMPUR, Nov 6  --  Although the shadow economy (SE) in Malaysia has been on a declining trend, its presence is still significant and deters the development of an inclusive economy.


Govt revenue to fall 14 pct in 2020 as tax collection slips

KUALA LUMPUR, Nov 6  -- The Federal Government revenue is projected to decrease by 14 per cent to RM227.3 billion in 2020 from RM264.4 billion last year as a result of lower tax collection.


Mining sector projected to rebound by 4.1 pct in 2021

KUALA LUMPUR, Nov 6 -- The mining sector is expected to rebound by 4.1 per cent in 2021, supported by the recovery in global demand for crude oil and condensate as well as liquefied natural gas (LNG), said the Finance Ministry (MoF).


Govt to undertake mitigation measures, ensure risk exposure contained

KUALA LUMPUR, Nov 6  – Malaysia has not been spared from the adverse impact of the COVID-19 pandemic which has immobilised the global economy within a span of a few months.


Govt revises MTFF 2021-2023, now sees 4.5-5.5 pct of GDP 

KUALA LUMPUR, Nov 6 -- The government has revised the Medium-Term Fiscal Framework (MTFF) 2021-2023 on account of the impact caused by the COVID-19 crisis, the Finance Ministry said in its 2021 Fiscal Outlook and Federal Government Revenue Estimates report released today.


Govt builds SMEs’ resilience through various initiatives

KUALA LUMPUR, Nov 6  -- Small and medium enterprises (SMEs) form a vital component of the Malaysian economy, but the COVID-19 pandemic has exposed underlying problems in the way SMEs conduct their business.


Commodity sector continues to play essential role in economy

KUALA LUMPUR, Nov 6 –  The commodity sector has continued to play an essential role in the economy through inter-sectoral linkages, particularly in terms of forward linkages.




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