KUALA LUMPUR, June 6 ― The National Economic Recovery Plan (Penjana), which features 40 initiatives worth RM35 billion, is expected to help reduce the magnitude of the contraction in the country’s 2020 real gross domestic product (GDP) performance, said RHB Research Institute Sdn Bhd. Its chief...
Saturday, 06 Jun 2020 01:05 PM MYT
KUALA LUMPUR, June 6 ― The National Economic Recovery Plan , which features 40 initiatives worth RM35 billion, is expected to help reduce the magnitude of the contraction in the country’s 2020 real gross domestic product performance, said RHB Research Institute Sdn Bhd. “It is inevitable that the Malaysian economy would record a negative growth, or a recession as some may call it, in 2020 due to global recession as well as the movement control order aimed at containing the spread of Covid-19.
According to Peck, RHB Research is maintaining its GDP forecast of a four per cent contraction for 2020.
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.
Penjana will help reduce GDP contraction in 2020 - RHB ResearchThe 40 initiatives worth RM35 billion are expected to help reduce the magnitude of the 2020 GDP contraction, it says.
Read more »
Penjana will help reduce GDP contraction in 2020 - RHB ResearchThe 40 initiatives worth RM35 billion are expected to help reduce the magnitude of the 2020 GDP contraction, it says.
Read more »
Penjana stimulus plan, oil prices propel ringgit | Malay MailKUALA LUMPUR, June 5 ― The ringgit rebounded against the US dollar from yesterday’s losses as the market mood brighten amid positive reaction towards the RM35 billion stimulus plan announced by the government today and the uptrend in the oil prices. At the close today, the ringgit was quoted at...
Read more »
Shopee supports greater public-private alliance in line with Penjana measures | Malay MailKUALA LUMPUR, June 6 — Shopee will focus on helping to spur local consumption to generate sales particularly for the micro, small and medium enterprises (SMEs) in line with the mandate to e-commerce players under the National Economic Recovery Plan (Penjana). Regional managing director Ian Ho...
Read more »
Penjana will help empower Bumiputera entrepreneurs, says rural development minister | Malay MailKUALA LUMPUR, June 6 ― The National Economic Recovery Plan (Penjana) announced by Prime Minister Tan Sri Muhyiddin Yassin will help empower Bumiputera entrepreneurs to sustain their business operations in the post Covid-19 recovery phase. Rural Development Minister Datuk Dr Abd Latiff Ahmad...
Read more »
Malaysian Employers Federation: RM9b Penjana allocation will help revive employment sector | Malay MailKUALA LUMPUR, June 6 — The government’s move to allocate RM9 billion to reduce unemployment rates under the National Economic Recovery Plan (Penjana) will help revive the country’s employment sector which is severely affected by Covid-19 pandemic. Malaysian Employers Federation (MEF)...
Read more »