Prof. Yeah Kim Leng said the hit to the country鈥檚 GDP in the face of the Covid-19 outbreak was equivalent to an estimated 120,000 to 180,000 job losses
Prof. Yeah Kim Leng said a quick review of the stimulus package, unveiled initially by previous prime minister Tun Dr Mahathir Mohamad, would be useful.
Economist Dr Yeah Kim Leng said it was inevitable for large social, political, religious and commercial gatherings and celebrations to be banned in an effort to combat the spread of the infection.
Prof. Yeah Kim Leng believes a budget recalibration is likely needed should the oil price war keep theprice below US$40 a barrel for six or more months.
Prof. Yeah Kim Leng said bank mergers had been talked about for years following the successful industry consolidation after the Asian financial crisis in the late 1990s.
Prof. Yeah Kim Leng states that the stimulus could help the M40 in the form of tax relief on local tour and hospitality spending for households that pay income taxes.
Prof. Yeah Kim Leng says the local unit came under pressure due to the Covid-19 virus outbreak and could have seen the worst once the new government is constituted