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KUALA LUMPUR: The ringgit opened higher against the US dollar today, boosted by Prime Minister Tan Sri Muhyiddin Yassin’s announcement of the RM15 billion Malaysian Economic and Rakyat’s Protection Assistance Package (PERMAI) package yesterday, as well as higher crude oil prices.
Low impact on earnings as most jobs are allowed to proceed
KUALA LUMPUR: Malaysia's central bank is expected to cut key interest rates to historic lows on Wednesday, according to a Reuters poll, after surging coronavirus infections led the government to impose fresh lockdowns, further curbing economic activity.
PETALING JAYA: Trading on Bursa Malaysia is expected to be cautious ahead of Bank Negara’s overnight policy rate (OPR) announcement on Wednesday.
PETALING JAYA: The ringgit may test the psychological level of 4.00 against the US dollar next week amid anticipation that Bank Negara would maintain the overnight policy rate at 1.75% at its meeting on Wednesday.
Confidence in the recovery of the country’s economy was once again put to the test following the government’s reimplementation of the movement control order (MCO) and the less-expected declaration of a state of emergency.
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.
PETALING JAYA: The worsening Covid-19 situation that has triggered a second round of movement control order (MCO) in Malaysia has once again cast the spotlight on unemployment.
PETALING JAYA: The worsening Covid-19 pandemic, which triggered a second round of the movement control order (MCO) in Malaysia, has once again cast the spotlight on rising unemployment.