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In addition, the Malaysian economy contracted 5.6% for all of 2020, its worst performance since the 1998 Asian Financial Crisis. [ 6 ] The travel, hospitality and entertainment sectors were particularly hit hard by the COVID-19 pandemic but the ecommerce, technology and healthcare sectors thrived despite facing supply chain disruptions.
If so, you will definitely be able to relate to these hilarious 50 back-to-work memes. After all, a little humor is always good for getting through a tough time.
Me: I'm going to be so productive today 💪🏾 Also me: scrolls through social media for three hours 🥱 Welcome to Monday 😂😂 #tradelenda #mondaymeme #newweek #happynewweek #funny #meme ...
From 3 May 2021, the Malaysian Government reimposed a two-week Movement Control Order in Johor, Kuala Lumpur, Penang, Sarawak, and Selangor in response to a spike in COVID-19 cases. Schools were closed and social and religious activities were banned. While some economic activities were allowed, eateries can only provide takeaway services. [115]
The New Economic Policy in Malaysia presented strategies meant to address economic growth. [12] As a result, the poverty rate fell from 52.4% in 1970 to 3.8% in 2009. [12] Malaysia seeks to address poverty at the micro-level and has produced a New Economic Model and framework in the Tenth Malaysia and Eleventh Malaysia Plans to address this ...
APEC Malaysia 2020 was the year-long hosting of Asia-Pacific Economic Cooperation (APEC) meetings in Malaysia [1] [2] from December 2019 until November 2020. [3] Due to the COVID-19 pandemic , most of the meetings were held virtually , including the culminating Economic Leaders' Meeting.
Medical tourism is a significant sector of Malaysia's economy, with around 850,000 individuals travelling to Malaysia specifically for medical treatments alone in 2022, contributing RM1.3 billion (US$295 million) in revenue to the economy. [145]
The federal budget is a major state financial plan for the fiscal year, which has the force of law after its approval by the Malaysian parliament and signed into law by the Yang di-Pertuan Agong. Revenue estimates detailed in the budget are raised through the Malaysian taxation system , with government spending representing a sizeable ...