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Malaysian economy to recover in 2021 on effective vaccine deployment, says world bank

KUALA LUMPUR: Malaysia’s economy is expected to return to positive growth this year, along with other economies globally on the sustained progress in the vaccine rollouts that will boost consumption worldwide, the World Bank Group said.
Its Macroeconomics, Trade and Investment Global Practice lead economist, Richard Record said the group expects the vaccine deployment can be mostly completed in 2021 in most economies, leading to strong recovery and demand, as well as boosting trade and commodity prices.
We are projecting a global growth of 4.0 per cent this year. As for Malaysia, we project economic growth this year to range between 5.6 and 6.7 per cent,” he said during the virtual 2021 Malaysia’s Economic and Strategic Outlook Forum (MESOF) titled: The Post-COVID-19 New Normal - Where Do We Go From Here” on Monday. ....

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Malaysian economy to recover in 2021, says World Bank » Borneo Bulletin Online

Malaysian economy to recover in 2021, says World Bank » Borneo Bulletin Online
borneobulletin.com.bn - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from borneobulletin.com.bn Daily Mail and Mail on Sunday newspapers.

Kuala Lumpur , Shan Saeed , World Bank Group , Economic Club Of Kuala Lumpur , Malaysian International Chambers , Strategic Outlook Forum , Strategic Institute For Asia Pacific , Bank Negara Malaysia , Where Do We Go From Here , Asia Pacific , Malaysian International Chambers Of Commerce , Economic Club , Twin Towers , Chief Economist , குவாலா லம்பூர் , ஷான் சயீத் , உலகம் வங்கி குழு , பொருளாதார சங்கம் ஆஃப் குவாலா லம்பூர் , மலேசியன் சர்வதேச அறைகள் , மூலோபாய ஔட்‌லுக் மன்றம் , மூலோபாய நிறுவனம் க்கு ஆசியா பெஸிஃபிக் , வங்கி நெகாரா மலேசியா , எங்கே செய் நாங்கள் போ இருந்து இங்கே , ஆசியா பெஸிஃபிக் , மலேசியன் சர்வதேச அறைகள் ஆஃப் வர்த்தகம் , பொருளாதார சங்கம் ,

Palm planters go into agri-related ops to diversify income streams

IOI Corp Bhd is expected to harvest pineapples and other cash crops in early 2022 at its Sagil estate in Tangkak, Johor. (File pic shows Sagil Estate planted with oil palms.)
PETALING JAYA: More oil palm plantation companies are venturing into agriculture-related businesses, from dairy farming to pineapple and coconut cultivation, on a large-scale basis in their efforts to further diversify income streams.
is expected to harvest pineapples and other cash crops in early 2022 at its Sagil estate in Tangkak, Johor.(pic)
The group said some 25,000 MD2 pineapples have been planted each month since August 2020.
“By December 2020, a staggering 125,000 MD2 pineapples had been successfully planted with the minimal workforce. ....

Malaysia General , Republic Of , Datuk Lee Yeow , Shan Saeed , Agriculture Organisation , Rhone Ma Holdings Bhd , Corp Bhd , Holdings Bhd , Sagil Estate , Datuk Lee Yeow Chor , United Malacca , United Plantations , Export Boom Beckons , United Nation , Oil Palm , மலேசியா ஜநரல் , குடியரசு ஆஃப் , ஷான் சயீத் , ரோன் மா ஹோல்டிங்ஸ் ப்ட் , கார்ப் ப்ட் , ஹோல்டிங்ஸ் ப்ட் , ஒன்றுபட்டது மலாக்கா , ஒன்றுபட்டது தோட்டங்கள் , ஏற்றுமதி ஏற்றம் அழைக்கிறது , ஒன்றுபட்டது தேசம் , எண்ணெய் பனை ,

Big LNG boost for Malaysia

PETALING JAYA: Malaysia and its national oil company Petroliam Nasional Bhd (Petronas) are expected to benefit from the recent spike in the price of gas.
The Asian liquefied natural gas (LNG) spot price has been rallying over the past two months and soared more than 18 times to a record high of US$32.50 per million British thermal units (mmBtu) from the April 2020 low of US$2.40 due to the unusually cold winter in North Asia and Europe, as well as unexpected supply issues.
Asian LNG spot prices have outpaced that of Europe and the United States.
According to a report by Reuters, US gas futures for February at the Henry Hub benchmark currently trade at around US$2.60 per mmBtu, while in Europe, prices at the Dutch TTF hub are around US$10 per mmBtu. ....

United States , United Kingdom , Malaysia General , Republic Of , South Korea , Abdul Jalil Maraicar , Petroliam Nasional Bhd Petronas , Southeast Asia , Shan Saeed , Mckinsey Co , Petroleum Group , Statistical Review Of World Energy , Petroliam Nasional Bhd , North Asia , Henry Hub , Natural Gas Roadmap , Liquefied Natural , Lower Cost , Lower Emission , ஒன்றுபட்டது மாநிலங்களில் , ஒன்றுபட்டது கிஂக்டம் , மலேசியா ஜநரல் , குடியரசு ஆஃப் , தெற்கு கொரியா , பெட்ரோலியம் நேஷனல் ப்ட் பெட்ரோனாக்கள் , தென்கிழக்கு ஆசியா ,

Ringgit higher for 3rd straight day as US$ drifts

KUALA LUMPUR: The ringgit opened higher against the US dollar for the third consecutive day, taking advantage of the drifting greenback and the oil market rally. At 9 am, the ringgit improved to 4.0400/0460 versus the US dollar from 4.0430/0470 at Wednesday s close. Axi chief global market strategist Stephen Innes said that the local note could consolidate around the current level today as the Group of Ten (G-10) traders debate the US dollar s near-term direction. The G-10 comprises 11 industrial countries Belgium, Canada, France, Germany, Italy, Japan, the Netherlands, Sweden, Switzerland, the United Kingdom and the United States which consult and co-operate on economic, monetary and financial matters. Meanwhile, Juwai IQI Global chief economist Shan Saeed said the Bank Negara Malaysia s decision to maintain its overnight policy rate (OPR) at 1.75 per cent will provide more room for the central bank to manoeuvre in the future. This status quo O ....

Kuala Lumpur , United States , United Kingdom , Stephen Innes , Shan Saeed , Group Of Ten , Bank Negara Malaysia , Monetary Policy Committee , Us Dollar , G 10 Countries , குவாலா லம்பூர் , ஒன்றுபட்டது மாநிலங்களில் , ஒன்றுபட்டது கிஂக்டம் , ஸ்டீபன் இநெஸ் , ஷான் சயீத் , குழு ஆஃப் பத்து , வங்கி நெகாரா மலேசியா , பண பாலிஸீ குழு , அந்நிய செலாவணி , எங்களுக்கு டாலர் , க் நாடுகள் ,