Tag: Lockdown
Pressure mounts on the labour market due to lockdown.
As Malaysia navigates through multiple Movement Control Orders (MCO), the labour market experiences significant pressure. The unemployment rate, which improved to 4.6% in April, remains volatile due to ongoing pandemic restrictions and business constraints affecting various sectors, particularly manufacturing.
FDI rolling in despite lockdown
Despite ongoing COVID-19 restrictions and record infection rates, Malaysia continues to attract foreign direct investment. Economists like Lee Heng Guie predict improved investment inflows this year, suggesting resilience in the country's economic landscape despite pandemic-related challenges.
