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News
Sabah to launch
its largest agropolitan project:
A total of 550 families in Kota Belud district will benefit from a
RM70 million agropolitan project to start this August, said the
state Assistant Minister of Agriculture and Food Industry Datuk
Musbah Jamli.
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Manufacturing sector to draw RM30b in FDI:
Malaysia’s manufacturing sector is due to draw RM30 billion in
foreign investments this year, a third lower than in 2008, as
multinational corporations have delayed their expansion plans due to
the global recession.
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Ministry eyes 20m tourists this year to keep tills ringing:
The Tourism Ministry expects the upcoming Malaysia Mega Sale
Carnival (MMSC) 2009 to do better than last year's event despite
fears of the Influenza A (H1N1) outbreak and a gloomy economic
environment. <more…>
Trichet sets
‘Cruise Control,’ pushes banks to drive growth:
European Central Bank President Jean- Claude Trichet is urging the
region’s banks to play their part in generating an economic
recovery.
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U.S. economy: Job
cuts in June deeper than forecast:
Employers in the U.S. cut more jobs than forecast in June and the
unemployment rate rose to the highest in almost 26 years, offering
scant evidence the Obama administration’s stimulus package is
putting Americans back to work.
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Confidence in economy sends
China stocks
higher:
Fueled by renewed confidence in economic growth here, and perhaps
the kind of frenzied buying that took place a few years ago, Chinese
stock prices are once again soaring.
<more…>
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