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Economy

52 Results / Page 6 of 6

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Unemployment Rate To Balloon To 13% With 2.4 Million Jobless Msians Due To MCO

Prior to the pandemic, EPF noted that 19% of Malaysian children were living in relative poverty.In other words, 1.7 million children were living in a family whose parents or guardians made less than about RM2,900 — 50% of the median household income of the country, which is RM5,860.40% of children below the age of five experienced stunted growth due to poor nutrition, while 14,000 teens dropped out of secondary school.Based […]

today17 October 2020

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BPN 2.0 Is Open For Registration. But Don’t Freak Out If Your Payout Is Less This Time

On 23 September, Prime Minister Tan Sri Muhyiddin Yassin announced BPN 2.0, saying Putrajaya had allocated RM7 billion to give the cash aid to 10.6 million Malaysians.The allocation for the first BPN cash aid was RM10 billion. Therefore, it is obvious that there will be a drop on the total payout for each eligible recipient across the board.Here is the breakdown of the BPN 1.0 based on different categories: - B40 […]

today15 October 2020

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“They All Lost Their Jobs”

"Airplanes at KLIA are now put to rest," Siti wrote. "Thousands of workers were also laid off. Engineers, technical workers, flight attendants, janitors, and more, they all lost their jobs.""For employees who have lost their source of income, what do they have to... Click here to read the full article. Source:

today1 October 2020

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Finance Minister Tengku Zafrul Says Malaysian Economy Will Improve In 2021

On 4 July, Tengku Zafrul was featured on the TV3 programme 'Money Matters'.He said, "The World Bank, International Monetary Fund (IMF), rating agencies, and analysis are projecting that Malaysia will pot a strong growth next year."He also mentioned that the national budget will be tabled in Parliament on 6 November."The main focus will be to drive new sources of growth and... Click here to read the full article. Source:

today6 July 2020

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The COVID-19 Pandemic Has Given Birth To 2 Billionaires In Malaysia

CGS-CIMB Research analyst Walter Aw contributed Supermax Corp's expeditious growth to the company's direction to manufacture gloves in its own brand, which allows the company to sell its products at higher prices directly to end-customers.Thai founded Supermax with his wife in 1987. It started out as a business that traded latex gloves before venturing into manufacturing in 1989. The... Click here to read the full article. Source:

today18 June 2020

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March Records Over 600,000 Malaysians Left Unemployed Due To MCO

The data was released by the Department of Statistics Malaysia (DOSM) in its Labour Force Statistics, Malaysia, March 2020 report today, 8 May.The report noted that the current unemployment rate as of March 2020 stood at 3.9%, the highest since June 2010 (3.6%).In comparison to the same period last year, March 2020 accounted for 610,500 unemployed Malaysians, while March 2019 recorded... Click here to read the full article. Source:

today8 May 2020

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Why ‘Immunity Passports’ For Recovered COVID-19 Patients To Return To Work Is A Bad Idea

"Some governments have suggested that the detection of antibodies to the virus that causes COVID-19 could serve as the basis for an 'immunity passport' that would enable individuals to travel or to return to work assuming that they are protected against re-infection," the WHO noted in a scientific brief on 24 April."There is currently no evidence that people who have recovered from... Click here to read the full article. Source:

today26 April 2020

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