Malaysia lost RM622.4 million due to floods last year – report

Malaysia recorded RM622.4 million in losses due to floods in 2022, which is equivalent to 0.03 percent against the nominal gross domestic product (GDP), according to the Department of Statistics Malaysia (DOSM).

DOSM, in a statement regarding its Special Report on the Impact of Floods in Malaysia 2022 released today said the amount is in comparison to the RM6.1 billion in flood losses suffered by the country in 2021...