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PETALING JAYA: Interim Prime Minister Tun Dr Mahathir Mohamad will decide on the announcement of the economic stimulus package to mitigate the impact of the Covid-19 outbreak on the country's economy, says former Finance Minister Lim Guan Eng.
PETALING JAYA: Banks in Malaysia may see further compression in net interest margin (NIM) by three to four basis points (bps) should the central bank cut interest rates again in the coming months to support the country’s slowing economy.
PRESSURE is mounting on the Pakatan Harapan government to prove its mettle after the country recorded its worst growth rate since the Global Financial Crisis a decade ago.
KUALA LUMPUR: Prime Minister Tun Dr Mahathir Mohamad will announce the economic stimulus package on Thursday, Feb 27 to mitigate the impact of the Covid-19 outbreak.
KUALA LUMPUR: Prime Minister Tun Dr Mahathir Mohamad will announce a stimulus package that involves all ministries on expectations the economy will be impacted by the coronavirus (Covid-19) especially in the first quarter.
KUALA LUMPUR: The ringgit opened lower against the US dollar in early trade as below-than-expected fourth quarter 2019 gross domestic product (GDP) results curbed investors’ appetite for the local currency, a dealer said.
KUALA LUMPUR: With Malaysia posting its worst economic growth rate since the Global Financial Crisis a decade ago, the outlook for the first quarter of 2020 (1Q20) has turned more cautious amid the worsening coronavirus (Covid-19) outbreak that may further dampen the economy.
PETALING JAYA: Banks led the FBM KLCI lower in Wednesday’s trade after Bank Negara hinted at the possibility of another cut in the interest rate.