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Malaysia wants to leverage its location to become an energy and chip manufacturing hub this year, riding a recent jump in investments and a favourable outlook for the domestic economy, its premier ...
On 3 August 2023, the World Bank praised Malaysia's post-COVID-19 economic recovery performance. While COVID-19 reduced employment and household income, the World Bank's report found that the Government's financial support to companies, targeted payment deferrals, and workers' wage subsidies helped lessen the economic impact of the pandemic. [8]
Malaysia is preparing to join the BRICS group of emerging economies, Prime Minister Anwar Ibrahim said in an interview with Chinese media outlet Guancha. The BRICS group of nations originally ...
The UNHDP Report shows that the richest 10% in Malaysia control 38.4% of the economic income as compared to the poorest 10% who control only 1.7%. However, according to official statistics from the Prime Minister's Department, inequality has been decreasing steadily since 1970, with the Gini coefficient dropping to an all-time low of 0.40 in ...
Malaysia's benchmark crude oil, Tapis Blend, is a light and sweet crude oil, with an API gravity of 42.7° and a sulphur content of 0.04% by weight. Malaysia held 87.8 trillion cubic feet (Tcf) of proven natural gas reserves as of 2021, and was the third-largest natural gas reserve holder in the Asia-Pacific region after China and Indonesia ...
Malaysia made history earlier this month by ousting the longtime ruling party from power in a surprising electoral outcome that caught most observers off-guard. Democratically deposing Najib Razak ...
The COVID-19 pandemic in Malaysia has had significant impacts on the country's healthcare system, economy, and daily life.
The 1Malaysia Development Berhad scandal is an ongoing political scandal in Malaysia, [1] in which then-Prime Minister Najib Razak was accused of channeling over RM 2.67 billion (approximately US$700 million) into his personal bank accounts from 1Malaysia Development Berhad (1MDB), a government-run strategic development company.