Govt plans $2bn spending package
Economic Outlook 2009:
Domestic demand critical to growth
January 2, 2009
Malaysia central bank sees room to cut rates
December 23, 2008
Malaysia: Job losses seen rising in next 3 months
December 7, 2008
Malaysia: Fiscal boost to fend off recession
November 22, 2008
oil eases Malaysian inflation
November 18, 2008
slashes fuel costs by 7%
November 16, 2008
faces no recession, currency to rise – central bank
November 15, 2008
with Global Slowdown:
Malaysia to scrap import duties
November 13, 2008
$870m highway plan shelved over funding woes
November 4, 2008
to announce new measures to boost economy
January 24, 2009
Malaysia: $552m in SME loans to offset downturn
Malaysia's central bank will give small- and medium-sized business firms access to 2 billion ringgit ($552 million) in financing to offset the effects of the economic downturn, Reuters quoted the bank as saying Friday.
The businesses include manufacturing firms and agriculture and services companies, the bank said in a statement.
A slide in global growth and demand has hit Malaysian manufacturing firms, many of which make the electronics which account for the bulk of the country's exports.
Growth forecasts for this year are bleak for Malaysia where exports account for more than 100 percent of gross domestic product, with some private banks predicting a contraction in the Southeast Asian country's economy this year.
The government, however, has stuck to its 3.5 percent growth forecast for this year, which it announced in November along with a $2 billion fiscal stimulus package.
Another stimulus package is in the offing, although domestic business associations and politicians have said that the first set of measures has not yet been effectively implemented.
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