BNM allows banks to tap into capital buffers amid COVID-19

KUALA LUMPUR (March 25): Bank Negara Malaysia (BNM) announced today that it is allowing banking institutions to tap into their capital buffers, and to provide flexibility on several operating guidelines as the nation grapples with the impact of the COVID-19 outbreak.

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MyEG's COVID-19 rapid test kit approved by US FDA

KUALA LUMPUR (March 23): My EG Services Bhd (MyEG) said its COVID-19 rapid test kit has been qualified for emergency use by the US Food and Drug Administration (FDA), paving the way for the sale of the kits in the US, where the number of positive cases has surpassed 33,000, with 417 deaths.

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SC to announce more measures aimed at capital markets

KUALA LUMPUR (Feb 27): The Securities Commission Malaysia (SC) said it will be announcing more capital market-specific measures to complement the government’s effort to support the Malaysian economy, in addition to those announced in the economic stimulus package today.

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Affin Hwang Capital cuts construction sector to Underweight

KUALA LUMPUR (Feb 25): Affin Hwang Capital Research has downgraded the construction sector to “Underweight” from Overweight amidst the political uncertainties following the resignation of Prime Minister (PM) Tun Dr Mahathir Mohamad (and his re-appointment as interim PM).

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