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.GLC-driven initiatives will boost recovery, say experts
Prof Yeah provides commentary on the role of GLC in supporting Malaysia's economy during the COVID-19 pandemicEconomists largely expect GDP to still contract in 3Q, but in low single digit
Prof Yeah expects GDP to contract in 3Q, by a low single digit.Asia forms world’s biggest trade bloc
Prof Yeah said agreement is an affirmation of the importance of lowering trade barriers. This means prospering each other through a mutually beneficial exchange of goods and servicesBudget is people-friendly'
Prof Yeah said it was too early to withdraw expansionary fiscal support as the country was facing the third wave of the pandemic.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.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.Malaysia to cut reliance on petroleum revenues
Prof Yeah said revenue diversification is one of several major structural issues facing the Malaysian government.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 pandemicMalaysia 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.Going jobless for longer periods ‘here to stay’
Prof Dr Yeah Kim Leng said unemployment will only inch down unless there is economic recovery, and the pandemic is contained.