Try, try, try again: Malaysia’s stimulus packages leave massive gaps

• Contributed content • editorial

Try, try, try again: Malaysia’s stimulus packages leave massive gaps

Malaysia’s spending to fight COVID-19 through four economic stimulus packages now totals RM295 billion (about US$69 bln). The first package, worth RM20 billion ($4.7 bln), was issued on February 27 to counter COVID-19’s immediate impact on the tourism industry. As the pandemic worsened and impacted the broader economy through implementation of the Movement Control Order […]

Navigating COVID-19’s shock to the Malaysian economy

• Contributed content • analysis

Navigating COVID-19’s shock to the Malaysian economy

Malaysia is no stranger to external shocks affecting its macroeconomy. Over the past two decades it has been buffeted by the 1997 Asian Financial Crisis (AFC), the 2001 global slowdown after 9/11, and the 2008 Global Financial Crisis (GFC). Each shock affecting the Malaysian economy in different ways. The first resulted in the steepest economic […]

China and Islam: bright lights for Malaysia tourism revival

China and Islam: bright lights for Malaysia tourism revival

Malaysia’s tourism figures in 2018 bucked the regional trend and declined, slightly, but an analysis shows it wasn’t a bad thing; unless you focus only on quantity. According to the Malaysia government the 25.83 million foreign visitors it welcomed in 2018 spent 2.9 per cent more than the 25.95 million visitors the year prior, contributing […]

2016: The Year the Malaysian Economy ‘Crumbled’

2016: The Year the Malaysian Economy ‘Crumbled’

Last year was rather eventful for the Malaysian economy. Malaysia’s GDP growth rate — the one big indicator of macroeconomic health — has crumbled. From a past average of 5 per cent in real GDP growth, 2016 is likely to see something like 4.2 per cent. What is of more concern is that growth in […]

Can Najib Revive The Malaysian Economy?

Can Najib Revive The Malaysian Economy?

Last year was somewhat of a challenging one for the Malaysian economy. Political disruptions and economic shocks rocked the nation. Prime Minister Najib Razak has been strenuously committed to undertaking fiscal reform. He has repeatedly stressed the importance of reducing fiscal deficits. Mr Razak intends to reduce annual deficits from an estimated 3.2 per cent of […]