KUALA LUMPUR — Malaysia’s economy contracted by 2 per cent in the first quarter of 2020 compared with the final quarter of 2019, according to official data released on Wednesday. The decline was attributed to the impact of the coranavirus pandemic, which spread from China, Malaysia’s biggest trade partner, in late 2019 and prompted South-East Asia’s third-largest economy to impose a strict lockdown on March 18. “Our exports to China have (dropped sharply) since the beginning January 2020,” said Mohd Uzir Mahidin, chief statistician at Department of Statistics, adding that the downturn has also affected the tourism industry. Malaysia’s economy grew between 4.5 per cent and 7.4 per cent a year from 2010 onwards, according to World Bank data. The quarterly decline announced on Wednesday brought year-on-year growth down to 0.7 per cent, the lowest since the 2008-9 global financial crisis.
KUALA LUMPUR — Restrictions aimed at reducing the spread of the new coronavirus in Malaysia will remain in place for another month, Prime Minister Muhyiddin Yassin announced on Sunday. Schools and places of worship remain closed until June 9, as does Malaysia’s border. Muhyiddin’s government imposed a strictly enforced lockdown from March 18 until last Monday – when some rules were relaxed to allow people exercise outdoors, dine in at restaurants and return to work in sectors not previously deemed “essential.” Muhyiddin justified the relaxation by saying that Malaysia’s economy was shedding the equivalent of a half a billion dollars a day. He said on Sunday that “the number of new cases has remained low and under control, and there has been a high rate of recovery.”
KUALA LUMPUR — Dubbed one of the world’s 12 “mega-diverse” countries by wildlife experts, Malaysia is home to an array of instantly recognizable species, many of which have been driven to near-extinction by deforestation. A Google project in 2013 showed Malaysia losing almost 15 per cent of its jungle over the previous decade – much of it cleared to make way for plantations generating the palm oil that makes up around 4 per cent of exports. Although land clearances have slowed, decades of deforestation have left marquee species – such as the orangutan and local variants of elephant, rhinoceros and tiger – listed as threatened or endangered by monitoring organizations such as the International Union for the Conservation of Nature. The animals have been granted a respite of late, with their human tormentors transfixed by an epidemic that prompted an unprecedented response: shutdown.
KUALA LUMPUR — Malaysian business has been hammered by a lockdown imposed in mid-March to try contain the new coronavirus pandemic, according a government survey released on Friday. Some 42.5 per cent of the 4,094 companies canvassed by the Department of Statistics said they will need at least six months to recover from the restrictions, which until Monday required people to stay at home unless buying essentials or commuting to work. Only 27 per cent of businesses said they expect to recover within three months of the restrictions being lifted. With 67 per cent of the businesses reporting no sales or income during the lockdown, the same percentage said they needed tax relief to survive, with 83 per cent seeking subsidies. Malaysia’s retail sales fell 5.7 per cent to a seven year low in March, the department reported separately, with unemployment climbing 17 per cent year-on-year to reach 3.9 per cent.
KUALA LUMPUR — Ten weeks after quitting as Malaysia’s prime minister, 94-year-old Mahathir Mohamad is lining up another tilt at the top job. Parliament Speaker Mohamad Ariff M Yusof said on Thursday that he had received a letter from Shafie Abdal, a member of parliament and chief minister of Sabah, a state on the Malaysian part of Borneo, proposing a vote of confidence in Mahathir during a one-day parliament session on May 18. Mahathir was the world’s oldest government leader before his shock resignation on February 24 prompted a week-long power struggle. That fight culminated with Mahathir’s home affairs minister, Muhyiddin Yassin, being nominated prime minister by the country’s king – as he was deemed the leader “most likely” to command a parliamentary majority.
KUALA LUMPUR — Trade ministers representing 21 Asia-Pacific countries said on Tuesday that they “will work to facilitate the flow of essential goods and services” needed to fight the new coronavirus pandemic. The statement, released by the Singapore-based secretariat of the Asia-Pacific Economic Cooperation (APEC) body, listed “medicines, medical supplies and equipment, agriculture and food products” among those essential goods. APEC includes China, Japan and the US, the world’s three biggest economies. Other APEC members include Australia, Canada, Indonesia and South Korea, all of which have gross domestic products exceeding 1 trillion dollars. Tuesday’s statement marks a rare apparent consensus between China and the US, which have been embroiled in a trade war since shortly after Donald Trump became president in early 2017.
KUALA LUMPUR — After seven weeks of being told by authorities to stay at home, Malaysians tentatively resumed some aspects of pre-coronavirus life on Monday. The part re-opening came after a weekend of nationwide debate about whether the removal of some lockdown restrictions in South-East Asia’s third-wealthiest economy was premature due to health concerns, or was overdue because businesses are suffering. In Kuala Lumpur, a usually heaving high-rise city of 8 million people, Monday’s morning’s downtown traffic and footfall were light compared to pre-lockdown levels. Ng Chee Lim, a taxi driver, said he was glad the restrictions had been loosened, adding: “I think the situation is under control, and we need to get the economy going again.”
KUALA LUMPUR — Malaysia’s communications and multimedia minister said on Sunday that he will ask officials not to “act against” a journalist facing police action for an article reporting on the arrests of hundreds of migrant workers. “I may not like ur piece but I will defend ur right to write it,” wrote Saifuddin Abdullah, responding on Twitter to a post by journalist Tashny Sukumaran – in which she said she has been summoned for questioning about a Friday report in the South China Morning Post, a Hong Kong newspaper. On Sunday, which is World Press Freedom Day, Saifuddin said he is “looking into” a telecommunications law under which the journalist will be questioned and which non-governmental mouthpiece Reporters Without Borders brands part of “a draconian arsenal” of codes undermining media freedom. A group of 586 undocumented foreign workers were rounded up by police on Friday during an operation to test around 3,000 migrants for Covid-19.
KUALA LUMPUR — Starting May 4, Malaysia will wind back restrictions aimed at stemming the spread of the new coronavirus, Prime Minister Muhyiddin Yassin said on Friday. Acknowledging that curbs imposed since mid-March were hurting commerce, Muhyiddin said during a Labour Day speech that “we must find ways to balance between healing the nation’s economy and addressing Covid-19.” A total of 6,002 people in Malaysia have contracted Covid-19, the disease caused by the novel coronavirus, with 102 people dying in thr country and more than 230,000 people globally. Almost 70 per cent of people who tested positive in Malaysia have recovered, according to Ministry of Health data, with new case numbers dropping to an average of 57 a day over the past 10 days.
KUALA LUMPUR — Palm oil exports from Malaysia, the world’s second-biggest supplier, dropped by 41.7 per cent year-on-year during the month up to April 14, Plantation Industries and Commodities Minister Khairuddin Aman Razali said on Thursday. The month coincided with the imposition of a lockdown aimed at stemming the coronavirus outbreak, which has killed 102 people and resulted in 6,002 infections in the country. Malaysia is expected to suffer a 2 per cent fall in GDP in 2020 due to the virus. The lockdown, which has run since March 18, has forced many businesses to close, though the palm oil sector is operating. A vital export commodity, palm oil and related products made up 3.9 per cent of Malaysia’s total goods sold overseas in 2019.