Malaysia’s economic growth slows to 0.7pc in Q1

KUALA LUMPUR (XINHUA) – Malaysia’s economic growth eased sharply to 0.7 per cent in the first quarter, dragged by the spreading of COVID-19 pandemic, the central bank said yesterday. Bank Negara Malaysia (BNM), the central bank, said in a statement that services and manufacturing sectors moderated while other sectors contracted. External demand and investment also declined while private consumption growth moderated. More details in Thursday’s Borneo Bulletin