Malaysia's Jan-Feb GDP to contract by 0.8%-1.2% as COVID-19 outbreak takes toll on economy
KUALA LUMPUR (March 14): The new government estimates that the country's Gross Domestic Product (GDP) will contract by 0.
ICAEW: Malaysia’s 2020 GDP growth to slow to 3.7% amid COVID-19 situation
KUALA LUMPUR (March 12): Economic growth in Malaysia is expected to slow to 3.
COVID-19 outbreak a wake-up call: AEON MD
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.
Another OPR cut likely, say economists
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.
Tommy Thomas: It was incumbent on me to resign as AG
KUALA LUMPUR (March 4): Tan Sri Tommy Thomas (pictured) has revealed to Free Malaysia Today (FMT) that he resigned as attorney-general because “it was incumbent on me to do so because I was appointed by him [Tun Dr Mahathir Mohamad]”.
RHB IB: BNM appears to indicate no further rate cuts unless GDP trajectory is disrupted
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.
UPDATED: BNM cuts OPR to 2.50% as COVID-19 weakens global economy
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.
Attorney-General Tommy Thomas resigns
KUALA LUMPUR (Feb 28): Attorney-General Tan Sri Tommy Thomas (pictured) has resigned as Malaysia gets set for a new Prime Minister.
MAHB falls 2.34% on being called to provide rebates on rental and landing charges
KUALA LUMPUR (Feb 28): Shares in Malaysia Airports Holdings Bhd (MAHB) fell as much 2.
Government unveils RM20b stimulus package to boost spending
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.
