Stimulus package a soothing balm for Malaysia

AmInvest Research said that on a brighter scenario where the Covid-19 outbreak and political impasse are to come to an end sooner than expected, it believes potential market rerating catalysts could come from investors’ revived appetite for risk assets, particularly, emerging market (EM) equities including Malaysian equities.

KUALA LUMPUR: AmInvestment Research has described the 2020 Economic Stimulus Package, launched by interim Prime Minister Tun Dr Mahathir Mohamad as a soothing balm to the rakyat, businesses and the economy as a whole, that have been affected by the recent Covid-19 outbreak.

In its research note issued on Friday, it said the global epidemic has disrupted everyday life, human mobility, global supply chains, commerce and tourism.