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KUALA LUMPUR: CGS-CIMB Equities Research estimates the daily economic losses due to the second round of Malaysia’s Movement Control Order (MCO), which takes effect from Jan 13 to 26, at RM750mil.
KUALA LUMPUR: In light of the implementation of the Movement Control Order (MCO), the Employees Provident Fund (EPF) has announced that all of its offices and counters in the states under the MCO and Conditional MCO (CMCO) will be open for appointments only.
KUALA LUMPUR: Bursa Malaysia pared its losses on Tuesday on easing investors' anxiety over the state of emergency, the government's assurance there would not be a curfew and the economic sectors would remain open.
KUALA LUMPUR: The ringgit slipped lower against the US dollar as investors remain uncertain over the reinstatement of the Movement Control Order (MCO 2.0) and state of emergency.
PETALING JAYA: The fresh round of movement restrictions in Malaysia is expected to slow the country’s economy and weigh on corporate earnings in the first quarter of 2021. But analysts view the setback as temporary, and they are optimistic that the impact will be more manageable this time around.
THE dollar found support from expectations of a continued economic recovery in the United States amid countries in Europe resorting to lockdowns to fend off a second Covid-19 wave; and expectations of higher government spending under the Biden administration – after a plunge in payrolls in December raised the prospect of more federal spending to aid the coronavirus-battered economy.
KUALA LUMPUR: Bank Negara Malaysia’s Monetary Policy Committee (MPC) kept the Overnight Policy Rate (OPR) unchanged at 1.75% during its meeting on Wednesday.
KUALA LUMPUR: A total of 10,768 of Tenaga Nasional’s commercial customers in six selected sectors will benefit from a 10% discount on their bills from Jan 1 to March 31 under the Pakej Bantuan PERMAI 2021.