Business gross operating surplus down 7%

  • 📰 staronline
  • ⏱ Reading Time:
  • 9 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 7%
  • Publisher: 75%

Singapore News News

Singapore Singapore Latest News,Singapore Singapore Headlines

Malaysia’s gross operating surplus (GOS) slumped 6.9% in 2020 compared with 3.7% in 2019 – the lowest since 2009 (-12.6%).

Chief statistician Datuk Seri Mohd Uzir Mahidin said the GOS, which consists of corporate profits earned by firms, constituted 60.1% of the total economy in 2020 compared with 60.4% in the previous year.“This was followed by the manufacturing sector at 21.6%, agriculture at 10.5%, and mining and quarrying at 10% while the construction sector contributed 1.

The compensation of employees , which consisted of wages paid to employees, declined 3% in 2020, falling for the first time since the series began in 2005.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 4. in SG

Singapore Singapore Latest News, Singapore Singapore Headlines