Malaysia’s Q1 GDP expected to contract for first time in more than a decade
Malaysia’s economy is expected to have contracted for the first time in more than a decade in the first quarter as COVID-19 crisis shattered private consumption and external demand.
Hanoi (VNA)💛 – Malaysia’s economy is expected to have contracted for thefirst time in more than a decade in the first quarter as COVID-19 crisisshattered private consumption and external demand.
According to the average forecast from a Reuters poll of 12economists, Malaysia’s gross domestic product (GDP) declined 1.5 percent inJanuary-March from a year earlier, the first contraction since the thirdquarter of 2009 during the global financial crisis. The Malaysian government plans to announce the GDP data on May13. In April, Malaysia’s central bank forecast that the economy willeither shrink by up to 2 percent or grow marginally by 0.5% this year due tothe pandemic./.
Malaysia’s authorities have urged all foreign workers in the country to undergo mandatory screening for the coronavirus (SARS-CoV-2), as COVID-19 cases have risen for two consecutive days at a construction site in Jalan Ampang, Kuala Lumpur.
Malaysia's central bank cut its key interest rate by 50 basis points to 2 percent on May 5, its lowest since 2009, to help the country’s economy weather the impact of the COVID-19 pandemic.
The number of unemployed people reached 520,000 in Malaysia after seven weeks of the enforcement of the Movement Control Order (MCO) to cope with the ravaging COVID-19 pandemic, forcing the government to restart the economy.
The Malaysian government has decided to extend the travel and business restrictions for four more weeks until June 9 in the context that the Southeast Asian country gradually reopens its economic activities.
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Several ASEAN meetings are scheduled to take place in Port Dickson this September, including the Senior Officials' Meeting (SOM) for ASEAN Plus Three (APT), the East Asia Summit (EAS), the 15th ASEAN Maritime Forum, and the 13th Expanded ASEAN Maritime Forum.
Thailand's Prime Minister Paetongtarn Shinawatra has ordered the urgent implementation of a national policy to crack down on all forms of call centre scams, online fraud, and illegal gambling, which are now considered threats to national security.
Coordinating Minister for Economic Affairs Airlangga Hartarto and EAEU Trade Minister Andrey Slepnev jointly declared the conclusion of FTA talks on the sidelines of the 28th St. Petersburg International Economic Forum (SPIEF 2025), according to the statement.
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Pichai said the trade talks with the US are important and need to move forward professionally, without regard for any political changes in Thailand, believing that Thailand has clear principles, guidelines and procedures in place.
The tax adjustment supports the Malaysian Government’s strategy to reduce reliance on foreign food supply chains and to assist domestic farmers, a finance official has said.
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Two naval gunboats intercepted a fishing vessel carrying 1.5 tonnes of methamphetamine hydrochloride off the coast of the main island of Luzon just before dawn, in a joint operation with the Philippine Drug Enforcement Agency.
In the today context of socio-economic development and growth, the professionalism of Vietnam’s revolutionary journalists continues to rise, guided by exemplary mastery of new information technologies and the modernisation of their founding principles to preserve the enduring values of revolutionary journalism.
Thai Permanent Secretary of the Ministry of Commerce Vuttikrai Leewiraphan Thailand's formal proposal will be substantial enough for the US to consider further detailed negotiations. He hoped for a tariff rate not exceeding 10% and suggested that the US might extend the negotiation period if an agreement is not reached by the July 8 deadline.
Organised by the Ministry of Culture and the Association of Thai Silk & Culture Promotions, the event honors Her Majesty the Queen on her 47th birthday anniversary and promotes Thai craftsmanship on an international stage.
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The lab focuses on four key thematic areas: energy transition and green innovation, sustainable agriculture, circular economy and sustainable cities, and nature-based solutions and biodiversity.
The key content of the document titled "Accelerating Innovative Strategies: Addressing the OOSCY Challenges" will be refined further in a seminar preceding the 47th ASEAN Summit in Kuala Lumpur this October.
This follows Telegram’s serious failure to address the content that has been repeatedly reported to them, despite various efforts of negotiation and cooperation made by MCMC, it said.
Illustrative image (Photo: themalaysianreserve) 
