Malaysia critically needs trade-based solutions, says BNM

Bank Negara assistant governor Adnan Zaylani Mohamad Zahid

KUALA LUMPUR: Malaysia critically needs trade-based solutions to ease liquidity constraints brought by COVID-19 pandemic, said Bank Negara Malaysia (BNM) assistant governor Adnan Zaylani Mohamad Zahid.

He said the pandemic, which led to subdued domestic demand and stringent containment measures, had resulted in a liquidity squeeze among Malaysian businesses, particularly the small and medium enterprises (SMEs).