STARTING today, the Employees Provident Fund looks at several issues affecting the economy and capital markets. Its series of articles every fortnight will also examine some of the interesting corporate events and companies themselves.
IN a surprise move aimed at keeping inflation in check, Bank Negara raised the overnight policy rate (OPR) by 25 basis points (bps) to 3.5%. In its statement issued after the Monetary Policy Committee (MPC) meeting on April 25, the central bank expressed confidence that economic growth will remain strong, supported by favourable export growth and resilient consumer spending.