Budget Deficit To Be Revised Upward From 4.8 Pct

Posted on : 28-01-2009 | By : sabah today | In : News

KUALA LUMPUR, Jan 29 (Bernama) — Malaysia will revise upward its projected budget deficit for this year following the introduction of the second stimulus package which will be announced soon, says Deputy Prime Minister Datuk Seri Najib Tun Razak.

All SDC projects will be carried out, pledges CM

Posted on : 26-01-2009 | By : sabah today | In : News

25 January, 2009
Kota Kinabalu: Chief Minister Datuk Seri Musa Haji Aman has assured that the State Government would implement all projects promised to the people under the Sabah Development Corridor (SDC) in its continued efforts to transform Sabah into one of the most liveable places in Asia.

The New Year Message 2009. “With Change . We Move On.”

Posted on : 25-01-2009 | By : sabah today | In : News

(Date: 23rd January 2009, by Y.B. Datuk Raymond Tan Shu Kiah, Deputy Chief Minister cum Minister of Infrastructure Development of Sabah)
06-raymond_c03

With Change . We Move On.

In looking back to the last quarter of 2008, many felt that the New Year will have a lot of challenges.  Some are pessimistic and believe that we are getting into a global recession where many will be losing their jobs, banks and the financial institutions are failing and fear that they cannot even protect our savings. In all, these will affect our livelihoods and our concern for our young children as to what the future ahead is for them.

To all readers “Wish U Gong Xi Fa Cai”

Posted on : 23-01-2009 | By : sabah today | In : Greeting

EU: recession will be deep and long-lasting

Posted on : 19-01-2009 | By : sabah today | In : News

January 20, 2009

BRUSSELS, Belgium: The European Union said Monday it is facing a ”deep and protracted recession” and slashed growth forecasts, while Britain announced its second massive bank bailout in just over three months in another wave of bad economic news in Europe.

Oil falls below US$35 ahead of busy earnings week

Posted on : 19-01-2009 | By : sabah today | In : News

January 20, 2009
NEW YORK: Oil prices fell to below $35 a barrel Monday as investors eyed a slew of U.S. corporate earnings this week for signs of weakening consumer demand amid the worst recession in decades.

Govt keeps 3.5 pct GDP forecast

Posted on : 19-01-2009 | By : sabah today | In : News

16th January, 2009
KUALA LUMPUR: The government is not reviewing the gross domestic product (GDP) forecast of 3.5 percent for this year, Second Finance Minister Tan Sri Nor Mohamed Yakcop said yesterday.

Malaysia ranked 58th freest economy

Posted on : 19-01-2009 | By : sabah today | In : News

14th January, 2009
SINGAPORE: Malaysia is ranked the 58th freest economy in the world, according to the 2009 “Index of Economic Freedom”, published annually by The Wall Street Journal and The Heritage Foundation.

Oil falls to near US$36 in Asia Monday

Posted on : 19-01-2009 | By : sabah today | In : News

January 19, 2009

SINGAPORE: Oil prices fell to near $36 a barrel Monday in Asia as investors eyed a slew of U.S. corporate earnings this week for signs of weakening consumer demand amid the worst recession in decades.

Sedia Bill 2009 passed with amendments

Posted on : 18-01-2009 | By : sabah today | In : News

Sat, January 17, 2009

KOTA KINABALU: The State Legislative Assembly yesterday passed the Sabah Economic Development and Investment Authority Bill (Sedia) 2009 with several amendments.
Chief Minister Datuk Seri Musa Aman said Sedia would be responsible for planning, coordinating , monitoring and implementing programmes and projects gazetted under the Sabah Development Corridor (SDC).

Bill passed to help make Sabah Corridor a reality

Posted on : 18-01-2009 | By : sabah today | In : News

January 15, 2009

KOTA KINABALU: The Sabah Development Corridor (SDC) is now one step closer to reality with the State Assembly passing a Bill for the setting up the Sabah Economic Development And Investment Authority (SEDIA) on Thursday.

Malaysian Economy Could Rebound Within Six Months

Posted on : 10-01-2009 | By : sabah today | In : News

January 10, 2009

KUALA LUMPUR, Jan 10 (Bernama) — The Malaysian economy could rebound from the current slowdown within the next three to six months with the support of the government and sound policies.

Economist Calls For Another Stimulus Package

Posted on : 06-01-2009 | By : sabah today | In : News

January 05, 2009
KUALA LUMPUR, Jan 5 (Bernama) — Malaysia must come up with another new stimulus package soon to get full value for the government’s additional investments through prudent and transparent execution and management of its all socio-economic policies, an economist said Monday.

Malaysia Expected To Make Faster Recovery In 2010

Posted on : 06-01-2009 | By : sabah today | In : News

January 05, 2009

KUALA LUMPUR, Jan 5 (Bernama) — Malaysia, as a highly trade dependent country, will recover much faster when the global economic growth starts to rebound in 2010, an economist said.

The Global Crunch and its Effects on Malaysia: We’ll survive, say economists

Posted on : 06-01-2009 | By : sabah today | In : News

2009/01/04

THE Malaysian economy, while not immune to global events, should hold up relatively well in 2009, thanks to strong macroeconomic fundamentals.

Economists believe Malaysia has the right policies and resources to fare better than most economies in the face of the global financial crisis that is expected to spread further this year.