Malaysia to renew push for high-income goal by 2030 despite COVID
Prof Dr Yeah Kim Leng said high-income status is not the top development priority as closing the gap between the rich and poor is more important.
FGV’s business transformation process expected to remain on track
Prof Dr Yeah Kim Leng said the FELDA and FGV should focus on their core competencies, nurturing startups in the sectors instead of direct involvement.
Demand upswing seen
Prof Dr Yeah Kim Leng said Malaysia is set to benefit from better external demand, especially from advanced nations such as the US and China.
Talk to foreign investors about concerns, Mida told
Prof Dr Yeah Kim Leng said we will see an increase in exits and entries by multinational corporations.
Oil spike bodes well for Malaysian economy
Prof Dr Yeah Kim Leng said the higher petroleum revenue will allay concerns over possible revenue shortfall and wider fiscal deficit.
Unemployment remains an issue amid economic contraction
Prof Dr Yeah Kim Leng said the quicker the third Covid-19 wave is brought under control, the faster it will be for the recovery in domestic spending and export demand.
Malaysian GDP suffers sharpest contraction since 1998
Prof Dr Yeah Kim Leng said leading indicator (Leading Index) which points to sustained recovery momentum, is encouraging
Malaysia unlikely to post positive growth in 4Q
Prof Yeah said the country’s recovery momentum remains intact with a better than expected GDP growth in 3Q20, although Malaysia is now officially in recession given the two consecutive quarters of contraction.
Budget 2021 vital to boost investment sentiment
Prof Yeah said government support in the form of wage subsidies extension, access to funds and guarantees, and various reliefs to low business costs would be welcomed, especially by large and mid-sized firms that are considering downsizing, relocating or exiting.
Windfall tax will kill dynamism of private sector, say economists
Prof Yeah said windfall tax would limit any expansion plan the private sector may have with the profits they make.
ASEAN demonstrates solidarity and cohesiveness under Vietnam’s chairmanship
Prof Yeah said ASEAN has again demonstrated its solidarity and cohesiveness in facing the COVID-19 pandemic
Economists laud Environmental, Social and Governance measures in Budget 2021
Prof Yeah pointed out that the tax incentives will make it more attractive for issuers compared conventional financing.