Unemployment remains an issue amid economic contraction
Prof Dr Yeah Kim Leng said the quicker the third Covid-19 wave is brought under control, the faster it will be for the recovery in domestic spending and export demand.Malaysian GDP suffers sharpest contraction since 1998
Prof Dr Yeah Kim Leng said leading indicator (Leading Index) which points to sustained recovery momentum, is encouragingBudget is people-friendly'
Prof Yeah said it was too early to withdraw expansionary fiscal support as the country was facing the third wave of the pandemic.Windfall tax will kill dynamism of private sector, say economists
Prof Yeah said windfall tax would limit any expansion plan the private sector may have with the profits they make.Economists laud Environmental, Social and Governance measures in Budget 2021
Prof Yeah pointed out that the tax incentives will make it more attractive for issuers compared conventional financing.Malaysia to cut reliance on petroleum revenues
Prof Yeah said revenue diversification is one of several major structural issues facing the Malaysian government.ASEAN demonstrates solidarity and cohesiveness under Vietnam鈥檚 chairmanship
Prof Yeah said ASEAN has again demonstrated its solidarity and cohesiveness in facing the COVID-19 pandemicMalaysia unlikely to post positive growth in 4Q
Prof Yeah said the country鈥檚 recovery momentum remains intact with a better than expected GDP growth in 3Q20, although Malaysia is now officially in recession given the two consecutive quarters of contraction.Budget 2021 initiatives will save jobs, keep companies afloat, say economists
Prof Yeah provides commentary on a post-moratorium economic relief scenario within Malaysia's economy.Budget 2021: Economists oppose EPF Account 1 withdrawals
Prof Yeah states that the EPF withdrawals is not a good idea for low and middle-income groupsBudget 2021 vital to boost investment sentiment
Prof Yeah said government support in the form of wage subsidies extension, access to funds and guarantees, and various reliefs to low business costs would be welcomed, especially by large and mid-sized firms that are considering downsizing, relocating or exiting.