Saturday, 26 Sep 2020 11:55 PM MYT
“The economic and financial impact of the pandemic has brought big and small corporations to their knees. We have witnessed how decades of hard work and dedication have been reduced to bankruptcy or even the downsizing of companies on an unimaginable scale.”“This is precisely the reason why the economic devastation of this magnitude needs the collective action of the international community.
“For Malaysia, the Government has put in place mitigating strategies to address the socio-economic impacts of Covid-19 has had on the country. We hope Malaysia not only recovers but also emerges stronger from the pandemic.” “We have begun the implementation of economic recovery strategies, followed by an all-inclusive economic revitalisation programme. Even though it will take some time before we see the results, we will continue to try our level best to return to some semblance of normalcy. And we know we can only do better with the help of the international community,” he stressed.
Bank Negara Malaysia has revised its 2020 GDP forecast to -5.5 to -3.5 per cent from -2 to 0.5 per cent previously, as the initial assumption was based on a lockdown period of only four weeks instead of seven weeks.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Collective action of int'l community key to Covid-19 recovery - PMMuhyiddin Yassin addresses the general debate of the 75th session of the UN General Assembly virtually.
Source: malaysiakini - 🏆 20. / 51 Read more »
West Ham’s Moyes returns second positive Covid-19 test, says report | Malay MailLONDON, Sept 25 — David Moyes will not take charge of West Ham United’s Premier League game against Woverhampton Wanderers and the League Cup fourth-round tie against Everton after returning a second positive Covid-19 test, the Times reported. Moyes, as well as players Issa Diop and Josh...
Source: malaymail - 🏆 1. / 86 Read more »
Australia says world needs to know origins of Covid-19 | Malay MailSYDNEY, Sept 26 — The world's nations must do all they can to understand the origins of Covid-19, Australia's Prime Minister Scott Morrison said today, comments that could worsen tensions with China. Addressing the United Nations General Assembly, Morrison said an inquiry into the roots of the...
Source: malaymail - 🏆 1. / 86 Read more »
Study: Over 80pc of Britons not heeding Covid-19 self-isolation rules | Malay MailLONDON, Sept 25 — Over 80 per cent of people in Britain are not adhering to self-isolation guidelines when they have Covid-19 symptoms or had contact with someone who has tested positive, a study has found. A majority were also unable to identify the symptoms of Covid-19, the respiratory disease...
Source: malaymail - 🏆 1. / 86 Read more »
‘We’re in despair’: Marseille bars protest against Covid-19 shutdown | Malay MailMARSEILLE, Sept 25 — Hundreds of restaurant owners and bar staff protested outside Marseille’s commercial court today against a government order to shut from tomorrow to curb the surge in new coronavirus cases in France’s second biggest city. The government ordered bars and restaurants in the...
Source: malaymail - 🏆 1. / 86 Read more »
Three US states report record one-day increases in new Covid-19 cases | Malay MailWASHINGTON, Sept 25 — Three US states reported record one-day increases in new Covid-19 cases yesterday, according to state data. Montana reported 330 new coronavirus cases and South Dakota recorded 463 new cases, according to the state websites. Utah's governor said the state set a one-day...
Source: malaymail - 🏆 1. / 86 Read more »