News about economy

KUALA LUMPUR (March 12): Economic growth in Malaysia is expected to slow to 3.

KUALA LUMPUR (March 9): The sluggish retail market outlook, contributed by an already slowing economy and now the COVID-19 outbreak, has not deterred the spirits of AEON Co (M) Bhd.

KUALA LUMPUR (March 5): Economists are not discounting another cut in Bank Negara Malaysia’s (BNM) key interest rate down the road, amid the various internal and external headwinds from the COVID-19 outbreak to weak global trade.

KUALA LUMPUR (March 4): RHB Investment Bank Bhd Research said Bank Negara Malaysia’s (BNM) monetary policy committee statement appeared to indicate no further rate cuts unless the GDP growth trajectory is disrupted.

KUALA LUMPUR (March 3): Bank Negara Malaysia (BNM) said today its monetary policy committee (MPC) decided to reduce the overnight policy rate (OPR) by 25 basis points to 2.

KUALA LUMPUR (Feb 28): Shares in Malaysia Airports Holdings Bhd (MAHB) fell as much 2.

KUALA LUMPUR (Feb 28): The Malaysian government has allocated RM20 billion under a stimulus package to boost the sluggish economy by putting more cash into the hands of consumers and providing tax reliefs to sectors particularly hard hit by the COVID-19 outbreak.

KUALA LUMPUR (Feb 28): CGS-CIMB Research said the potential beneficiaries from the RM20 billion stimulus package announced on Feb 27 will be the consumer, construction and tourism-related sectors.

KUALA LUMPUR (Feb 28): Consulting firm Deloitte views the much-awaited stimulus package that was unveiled by interim Prime Minister Tun Dr Mahathir Mohamad yesterday as being a welcomed move for the tourism sector as well as for affected businesses and individuals.

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.