LAST year, the Merdeka Day spirit was dampened by the actions of the Shah Alam residents who used a severed cow head to protest the relocation of a Hindu temple to their largely Muslim neighbourhood. This year, the run-up to Merdeka saw a school head in Kulaijaya, Johor, who, besides other slurs, told her charges […]
GDP
Getting Malaysia out of the rut
By Deborah LohWhat would the fisherfolk think of the government’s plan for a high income nation? IT’S a grand announcement, but what would a fisherfolk or a padi farmer think about the government’s plan to make Malaysia a high income nation by 2020? What would a single mother doing odd-jobs think of the goal to raise per […]
Govt revises down GDP for 2009
By Joseph ChinPUTRAJAYA, 28 May 2009:The government has revised downwards the country’s GDP (gross domestic product) forecast for 2009 to between -4% and -5% for 2009 from earlier projection of -1% to 1% after 1st quarter GDP shrank a worst-than-expected 6.2%. Prime Minister Datuk Seri Najib Razak said on 28 May the wider contraction projection was due […]
Free market fallacies
By Dr Michael Jeyakumar DevarajMichael Jeyakumar Devaraj, during his speech (pic courtesy of Parti Sosialis Malaysia) THE Socialist Party of Malaysia (PSM) organised a fundraising dinner at the Petaling Jaya Civic Centre on 9 May 2009 which was attended by some 600 members, friends and supporters. I was invited to give a short speech, and this is what I […]
Forecast to be revised if economy improves
KUALA LUMPUR, 16 April 2009: Bank Negara Malaysia (BNM) will revise growth forecast for the year if the economy improves in the second half, its governor, Tan Sri Dr Zeti Akthar Aziz said today. The central bank has projected the gross domestic product (GDP) for this year to be between -1% and 1%. She said […]
MIER revises GDP forecast to -2.2 percent
KUALA LUMPUR, 15 April 2009: The Malaysian Institute of Economic Research (MIER) has revised downwards the country’s gross domestic product (GDP) forecast this year to -2.2% from 1.3% earlier on the back of export slump arising from the global economic turmoil. The private think-tank said it was almost certain that Malaysia’s growth would slide into […]
MIER sees GDP contracting 3.8% in 2009
By Racheal Lee Mei NyeeKUALA LUMPUR, 17 March 2009: The Malaysian Institute of Economic Research (MIER) forecasts the country’s gross domestic product (GDP) will contract 3.8% this year, which is its worst-case scenario. MIER executive director Datuk Dr Mohamed Ariff Abdul Kareem said on 16 March that MIER expected investments to shrink 4.6% and exports to contract 9.8%. Speaking […]
Don’t be fooled by GDP numbers
By M ShanmugamNUMBERS, they say don’t lie. But at the same time, they do not paint the true picture as far as economic growth is concerned. Malaysia’s gross domestic product (GDP) barely stayed above water – registering a growth of 0.1% in the fourth quarter of 2008. Although technically we are not seeing a negative growth for […]
Asli projects 4% GDP growth
KUALA LUMPUR, 22 Jan 2009: The Asian Strategy and Leadership Institute (Asli) is projecting a 4% gross domestic product (GDP) growth for Malaysia this year. Asli’s senior research fellow in economics, Datuk Gan Khuan Poh, said the domestic economy would accelerate if there were proper policy responses, more lending from banks and a quicker roll-out […]
