Malaysia’s Economy Recovering as 83.5% Employees Resume Work: Finance Minister

Malaysia’s economic activities and services are recovering, according to Tengku Datuk Seri Zafrul Tengku Abdul Aziz, Malaysia’s Finance Minister. Quoting data from the Department of Statistics Malaysia (DOSM), Tengku Zafrul stated that around 12.7 million or 83.5% of employees returned to work in Malaysia as of 2nd of June 2020, compared to mid-May 2020 figures of 10.2 million or 67.2%.

Tengku Zafrul also noted that wholesale and retail trade increased by MYR 17.5 billion or 26.3% to MYR 84.4 billion in May 2020, compared to April 2020. The Finance Minister added that the unemployment rate was expected to rise to 5.3% in May 2020, compared to 5.0% in April 2020, while emphasizing the importance of opening th...