Wahid: Customise policies, programmes to support economic sectors

Tan Sri Abdul Wahid Omar also said the banking system also remained well capitalised with core equity tier one ratio of 14.8 per cent, sufficient buffer against unexpected risks.

KUALA LUMPUR: There is a need for customisation of policies and programmes to identify sectors or regions where more support is needed amid lockdowns being implemented in the country, said the Economic Club of Kuala Lumpur (ECKL) today.

Chairman Tan Sri Abdul Wahid Omar said the third Movement Control Order (MCO) and subsequent Full MCO had stifled the recovery, resulting in the World Bank lowering its economic growth outlook for Malaysia for the second time to 4.5 per cent in 2021 -- down from the 6.0 per cent growth forecast in March 2021.