Wednesday, 30 Sep 2020 01:12 PM MYT
Chief statistician Datuk Seri Dr Mohd Uzir Mahidin said the economic recovery has begun with the reactivation of economic activities and was reflected by macroeconomic indicators in July, marking the preliminary indication for Q3. The unemployment rate also dropped to 4.7 per cent in July compared with 4.8 per cent in the preceding month, he added.
The favourable sales growth in this sub-sector was largely contributed by automotive sales following the effective tax relief strategy by the government, said Mohd Uzir.
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.
Ringgit rebounds as risk-in mood, oil prices improve | Malay MailKUALA LUMPUR, Sept 29 — The ringgit rebounded today as risk-on mood and steady oil prices supported demand. As at 9.07am the ringgit was traded at 4.1660/1720 versus the greenback compared with 4.1730/1780 at yesterday's close. AxiCorp chief global market strategist Stephen Innes said the ringgit...
Source: malaymail - 🏆 1. / 86 Read more »
AEON Credit’s net profit improves 5.5pc to RM51.8m in Q2 | Malay MailKUALA LUMPUR, Sept 29 — Consumer financing provider AEON Credit Service (M) Bhd’s net profit edged up 5.5 per cent to RM51.81 million in the second quarter ended Aug 31, 2020, compared with RM49.13 million in the same quarter last year. However, revenue fell 10 per cent to RM363.97 million from...
Source: malaymail - 🏆 1. / 86 Read more »
Budget 2021 must stop the leakage to grow economy, says RTBA Malaysia | Malay MailKUALA LUMPUR, Sept 29 — Malaysia can no longer afford to turn a blind eye to revenue losses caused by a RM300 billion shadow economy when the national economic outlook remains bleak, said Retail and Trade Brands Advocacy Malaysia Chapter (RTBA Malaysia). In view of protecting businesses, jobs and...
Source: malaymail - 🏆 1. / 86 Read more »
Finance stocks lead Bursa Malaysia higher at opening | Malay MailKUALA LUMPUR, Sept 29 — Bursa Malaysia opened higher almost across the board in early trade today, led by mild buying in the financial services, industrial products and services and healthcare-related counters. The performance on the local bourse was in line with its regional peers. At 9.01 am,...
Source: malaymail - 🏆 1. / 86 Read more »
World Bank lowers Malaysia's 2020 growth forecast to -4.9pc | Malay MailKUALA LUMPUR, Sept 29 — Following a sharper than expected contraction in the second quarter of 2020 (2Q20), the World Bank has lowered Malaysia’s economic growth forecast this year to a contraction of 4.9 per cent, down from an early estimate of -3.1 per cent. In a statement today, the World...
Source: malaymail - 🏆 1. / 86 Read more »
Bursa Malaysia remains positive at mid-afternoon | Malay MailKUALA LUMPUR, Sept 28 — Bursa Malaysia remained in positive territory at mid-afternoon, cushioned by buying in selected heavyweights in the healthcare, industrial products and services, as well as consumer products and services-linked counters. The buying in the ace, small and mid cap counters...
Source: malaymail - 🏆 1. / 86 Read more »