SME News
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2020-03-13
Malaysia's Jan-Feb GDP to contract by 0.8%-1.2% as COVID-19 outbreak takes toll on economy
KUALA LUMPUR (March 13): The new Government estimates that the country's Gross Domestic Product (GDP) will contract by 0.8% to 1.2% between January and February as a result of the COVID-19 outbreak, said the newly appointed Prime Minister Tan Sri...
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2020-03-12
Oil prices to put a strain on Malaysia’s fiscal deficit
KUCHING: There are many ways the sharp drop in crude oil prices could impact Malaysia’s domestic economy as it is heavily reliant on oil revenue. The research team at AmBank (M) Bhd noted that the contribution of oil revenue to Malaysia&rs...
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2020-03-12
‘GST may help cushion blows to the economy’
PETALING JAYA: Malaysia may need to recalibrate Budget 2020 if oil prices continue to persist at current levels, with a risk of sinking further. Even with oil prices seeing slight recovery, it may not be sustainable to reach US$62 per barrel which...
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2020-03-12
Covid-19: Aeon Malaysia sees minimal effect on retail
KUALA LUMPUR, March 12 — Aeon Co (M) Bhd expects its retail business to be only impacted minimally this year amid the sluggish retail market due to a slowing economy and Covid-19. Aeon Retail Malaysia managing director and chief executive of...
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2020-03-12
Cost saving purchases via auction
KUALA LUMPUR: Malaysia’s auction market is booming as properties are usually offered below market prices, auctioneer Ng Chan Mau & Co Sdn Bhd said. Ng Chan also said the evolvement of online publicity had increased public awareness on th...