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KUALA LUMPUR: The ringgit is expected to remain on the weaker side of 4.20 versus the US dollar next week amid a lack of positive catalysts.
MALAYSIA is the latest country to announce a stimulus package in response to the coronavirus (Covid-19) outbreak’s impact on the economy.
LONDON (Bloomberg): The scale of February’s moves have few precedents, and everyone involved is going to have stories to tell.
PETALING JAYA: Malaysia’s current political crisis has thrown a spanner in the works for the country’s construction sector, which is slated for the rollout of several mega projects in the coming months.
KUALA LUMPUR: Malaysia’s political upheaval is jeopardising the economy’s outlook at a time of heightened global risks and brewing discontent among locals about rising living costs.
KUALA LUMPUR: Bursa Malaysia was roiled by the rising political uncertainties on Mnday following the break-up of the ruling Pakatan Harapan government and Tun Dr Mahathir Mohamad's resignation, sending the FBM KLCI to the lowest since December 2011.
KUALA LUMPUR: The FBM KLCI fell below the critical 1,500 level in late morning trade on Monday on the political crisis in the ruling coalition government but key Asian markets skidded over the Covid-19 coronavirus.
KUALA LUMPUR: The political crisis in the Pakatan Harapan coalition government has seen UOB Kay Hian Malaysia Research lowering its FBM KLCI trough valuation to 1,480 based on 15 times 2020F price-to-earnings PE (-one standar deviation) to mean.
HONG KONG: Hong Kong is facing “tsunami-like” shocks, and may incur a record budget deficit in the next fiscal year as the city counts the costs of the coronavirus outbreak after months of social unrest, Financial Secretary Paul Chan said.