Economy

KUALA LUMPUR- In the short term, Malaysia did not hesitate to extend its fiscal stance to support counter-cyclical economic recovery packages and RM322.5 billion in the nation’s largest national budget for 2021. Even though it was Malaysia’s largest budget ever, Finance Minister Datuk Seri Tengku Zafrul Abdul Aziz said it was thought about with a simple fiscal consolidation strategy to, …

 Entering the new year isn’t easy for every nation around the world and it’s the same with Thailand given the economic hardship caused by COVID-19, as many as 96 percent of foreign direct investors operating experienced unprecedented situations last year. However, this year, they are surprisingly confident in the potential of the country and have plans to increase or at …

KUALA LUMPUR: The control of the Covid-19 pandemic and the security of the most vulnerable in society, while Malaysia is on the road to economic recovery, must remain the country’s top priorities in the near term. Senior economist Shakira Teh Sharifuddin of the World Bank Group said Malaysia is expected to rise by 6.7 percent in 2021, which could be …

In order to strengthen the economy, The Indonesian-South Korean Comprehensive Economic Partnership Agreement (IK-CEPA) was signed in Seoul by Indonesian Trade Minister Agus Suparmanto and South Korean Trade, Industry, and Energy Minister Sung Yun-mo. The partnership happened during the COVID-19 pandemic only shows the willingness of both nations to jointly forge trade ties in the light of the global economic …

The Ministry of National Development Planning (Bappenas) has urged for joint efforts to achieve the Sustainable Development Goals in the country specifically to aim 16 on stability, justice and strong institutions. Suharso Monoarfa, who is also Minister of National Development Planning, highlighted the promotion of peace, justice, and inclusiveness as the nature of SDG16 in the middle of discussion on …

The coronavirus pandemic is one of the unprecedented times that the world has faced and it has delivered worst economic shock in decades by pushing governments to enforce lockdowns or laws of social distancing that have caused extensive economic harm. This year, It there were deep recessions caused by the pandemic that are expected to leave permanent scars over a …

KUALA LUMPUR – Lim Guan Eng of the DAP has warned the government to expect more downgrades in Malaysia’s sovereign credit rating in the future if it does not agree that the country is in the midst of an economic and political crisis. Fitch Ratings’ latest revision of Malaysia’s sovereign credit rating was motivated primarily by the negative effect of …

It is an excellent time to look back and take stock of the obstacles we have faced and the lessons we can take away from them as the year steadily creeps towards its end. The COVID-19 pandemic has posed many of the greatest problems facing Filipinos this year. COVID-19 had political, social and economic implications as well not just a …

Here’s Edhy Prabowo, Minister of Maritime Affairs and Fisheries shared that planting a coral or coral reef is equal to planting 20 trees and will help efforts to boost the economy in the coastal areas of the country. He agrees that the conservation of coral or sea reefs could be useful in efforts to boost the coastal economies and is …

Indonesian President Joko Widodo called on G20 leaders to help low- and middle-income countries trying to rebound from the coronavirus pandemic as they electronically convened at the 2020 Riyadh Summit this weekend through a virtual conference. The President shared that without the support of the bloc and cooperation with the low- and middle-income countries, it will take longer to rebound …