KUALA LUMPUR– Malaysia’s tourism receipts in 2020 slumped 71.2 percent to 52.4 billion ringgit (about 12.51 billion U.S. dollars) from a year ago, as the COVID-19 pandemic dragged the industry, official data showed today.The travel restrictions to curb…
Category: Production
BANDAR SERI BEGAWAN– The Asian Development Bank (ADB) projected Brunei’s economic growth at 3.5 percent next year, compared to three percent predicted earlier.The Asian Development Outlook (ADO) 2021 published yesterday, also stated that, Brunei’s econ…
JAKARTA– The Asian Development Bank (ADB) has adjusted its forecast of Indonesia’s 2021 economic growth to 3.5 percent year-on-year, from the previous 4.5 percent in early Apr.“The economic recovery will continue although at a more moderate speed,” ADB…
MANILA– The Philippine economy is recovering but remains “fragile” because of periodically tighter COVID-19 mobility restrictions, particularly in Metro Manila, the Asian Development Bank (ADB) said today.An update to the Asian Development Outlook (ADO…
KUALA LUMPUR— The Philippines is inviting more Malaysian entrepreneurs and companies to invest in the country, specifically in emerging economic sectors prioritised by the government.Commercial Attache at the Philippine Trade and Investment Centre (PTI…
KUALA LUMPUR— As one of the pioneer members of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), Malaysia is looking forward to welcoming economic powerhouse China into the fold, anticipated to be as early as next year….
KUALA LUMPUR— Malaysia is on track to become a major player in the global drone industry with the development of Area 57 Research and Development (Area 57), said local drone industry players.Aerodyne Group founder Kamarul A. Mohamed said in a statement…
KUALA LUMPUR— A total of 17,973,545 people or 76.8 per cent of the adult population in Malaysia have been fully vaccinated as of Thursday, according to the Special Committee on Ensuring Access to COVID-19 Vaccine Supply (JKJAV).JKJAV, in an infographic…
SINGAPORE– Singapore’s non-oil domestic exports (NODX), grew at a slower pace in Aug, as the year-on-year growth narrowed from 12.7 percent in July, to 2.7 percent, Enterprise Singapore, a government agency, announced today.The electronic NODX expanded…
KUALA LUMPUR— Increasing the statutory debt limit is the need of the hour for Malaysia as the global battle against COVID-19 continues with the government seeking extra fiscal room, albeit temporarily, to put the domestic economy back on track.Since th…