China accounts for around 80% of U.S. rare earths supply, materials used in many high technology goods.
Major economic indicator are in positive postion. The future is bright for coming month globally as future mark up phase is looming
ASEAN economies will experience a slight hiccup and will bounce back stronger in 2021
Loss of Employment numbers are projected to increase by 799 each day
As Malaysia heavily relied on crude oil for its export in 2014 at 30.0%, those downturn proved to be too much to bear. During this time Dato’ Seri Najib Razak has made a very bold decision by introducing GST on 1st of April 2015 at 6% to act as a cover for lost revenue from crude oil.
Approximately 95% of the firms reported unchanged workforce numbers in Malaysia.
Caixin China General Manufacturing PMITM is compiled by IHS Markit from responses to questionnaires sent to purchasing managers in a panel of around 500 private and state-owned manufacturers.
The term Emerging & Developing Economies was coined by Antoine van Agtmael in 1981. An economy that is not too rich and not too poor. Malaysia is one of it!
If the crude oil price hovering around USD 30 per barrel throughout the year due to COVID-19 as well as storage capacity issue, Malaysia is about to lose RM 2.3 million a day for every dollar dropped for 524,000 production throughput starting in May 2020.
Recession is a period when economic output contracts for 2 straight quarters