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Separately, the Fed’s Powell in his testimony acknowledged the rising risk of coronavirus (Covid-19) while viewing the underlying strength of the US economy, added with a series of rate cuts last year, is appropriate to withstand the rising challenges on the external front.
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.
REVIEW: Volatility continued in markets as the Covid-19 coronavirus pandemic continued to spread, despite stimulus measures by Beijing to mitigate the negative impact on its economy.
KUALA LUMPUR: The prosecution will file an application for time extension to execute a court order relating to an application by Datuk Seri Najib Razak and his family to inspect their belongings that were seized by the Malaysian Anti-Corruption Commission (MACC).
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: OCBC Treasury Research expects the impact of the Covid-18 coronavirus to be around 0.4 percentage points of gross domestic product (GDP) in the first quarter.
KUALA LUMPUR: The prosecution will file an application for a time extension to execute a court order relating to an application by Datuk Seri Najib Razak and his family, who sought to inspect their belongings that were seized by the Malaysian Anti-Corruption Commission (MACC).
KUALA LUMPUR: The FBM KLCI wrapped up the morning session slightly lower as most bank stocks extended their losses for the week following Bank Negara's signal on Wednesday that there is room for a further interest rate cut.
KUALA LUMPUR: The ringgit opened lower against the US dollar in early trade on weak buying interest for the local note due to the weaker-than-expected fourth-quarter 2019 gross domestic product (GDP) results.
PETALING JAYA: Stop the blame game and implement the economic stimulus package as soon as possible, says Datuk Dr Asyraf Wajdi Dusuki.