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UPDATE 2-Malaysia seen on road to recovery as economic slump eases

Full-year GDP remains within projected 6%-7.5% - c.bank gov Says recovery will be gradual and uneven across economic sectors Fresh lockdown will weigh on consumption - Capital Economics (Writes through, adds economist comments, details) KUALA LUMPUR, May 11 (Reuters) - Malaysia’s central bank sees the economy firmly on the path to recovery, as it recorded improvements in domestic spending and exports even amid a spike in coronavirus cases. First quarter gross domestic product shrank 0.5% from a year earlier, central bank data showed on Tuesday, better than the 2% contraction forecast in a Reuters poll and the 3.4% fall over October-December. Bank Negara Malaysia (BNM) said the economic recovery will benefit from better global demand, increased public and private sector spending and continued policy support in the months ahead.

Kuala lumpurJoseph sipalanJacqueline wongAlex holmesShamsiah mohd yunusThomson reuters trust principlesBank negara malaysiaNegara malaysiaNor shamsiah mohd yunusRozanna latiffThomson reuters trustகுவாலா லம்பூர்ஜாக்குலின் வோங்அலெக்ஸ் ஹோம்ஸ்தாம்சன் ராய்ட்டர்ஸ் நம்பிக்கை ப்ரிந்ஸிபல்ஸ்வங்கி நெகாரா மலேசியா

Malaysia seen on road to recovery as economic slump eases

Article content KUALA LUMPUR Malaysia’s central bank sees the economy firmly on the path to recovery, as it recorded improvements in domestic spending and exports even amid a spike in coronavirus cases. First quarter gross domestic product shrank 0.5% from a year earlier, central bank data showed on Tuesday, better than the 2% contraction forecast in a Reuters poll and the 3.4% fall over October-December. We apologize, but this video has failed to load. Try refreshing your browser, or Malaysia seen on road to recovery as economic slump eases Back to video Bank Negara Malaysia (BNM) said the economic recovery will benefit from better global demand, increased public and private sector spending and continued policy support in the months ahead.

Kuala lumpurJoseph sipalanJacqueline wongAlex holmesShamsiah mohd yunusPostmedia network incBank negara malaysiaNegara malaysiaNor shamsiah mohd yunusRozanna latiffPostmedia networkStreet eastகுவாலா லம்பூர்ஜாக்குலின் வோங்அலெக்ஸ் ஹோம்ஸ்வங்கி நெகாரா மலேசியா

Malaysia s GDP slump eases in first quarter on export recovery

Malaysia s GDP slump eases in first quarter on export recovery Toggle share menu Advertisement Malaysia s GDP slump eases in first quarter on export recovery Malaysia s economy contracted less sharply in the first quarter as domestic spending improved along with external demand in spite of a recent spike in coronavirus cases. FILE PHOTO: A container is seen near Northport in Klang outside Kuala Lumpur June 6, 2014. REUTERS/Samsul Said 11 May 2021 12:15PM (Updated: 11 May 2021 12:30PM) Share this content Bookmark KUALA LUMPUR: Malaysia s economy contracted less sharply in the first quarter as domestic spending improved along with external demand in spite of a recent spike in coronavirus cases.

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Malaysia s economy shrinks in first quarter, less than expected

Malaysia s economy shrinks in first quarter, less than expected
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Malaysia s 1MDB, ex-unit seek recovery of $23 billion in assets

Malaysia s 1MDB, ex-unit seek recovery of $23 billion in assets Reuters 5 days ago © Reuters/Olivia Harris Motorcyclists pass a 1Malaysia Development Berhad (1MDB) billboard at the Tun Razak Exchange development in Kuala Lumpur, Malaysia KUALA LUMPUR (Reuters) - Malaysian state fund 1Malaysia Development Berhad (1MDB) and its former unit SRC International have filed 22 civil suits seeking to recover more than $23 billion in assets from entities and people allegedly involved in defrauding the firms, the finance ministry said on Monday. Popular Searches Malaysia and U.S. investigators say at least $4.5 billion was stolen from 1MDB between 2009 and 2014, in a wide-ranging scandal that has implicated high-level officials, banks and financial institutions around the world.

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