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KUALA LUMPUR: Mr DIY Group, Malaysia’s biggest home improvement retailer, is considering postponing its planned initial public offering after the country’s equities market tumbled on political uncertainty, according to people familiar with the matter.
KUALA LUMPUR:Malaysia and India will work on improving ties that soured under former Malaysian Prime Minister Mahathir Mohamad and badly affected palm oil trade between the countries, officials from both nations said on Sunday.
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.
REVIEW: The political turmoil on the domestic scene exacerbated the bearish mood on Bursa Malaysia even as the Covid-19 health crisis crept its way across the globe.
THE political stalemate in the country will undoubtedly leave scars so deep among the investment community that it would take years to heal.
WITH the coronavirus outbreak spreading faster around the world than within China, there is a feeling globally that “things are seriously not okay”.
MALAYSIA is the latest country to announce a stimulus package in response to the coronavirus (Covid-19) outbreak’s impact on the economy.
THE fluid and developing political situation will be closely watched and its eventual outcome could also have a bearing on how the newly announced stimulus measures will be implemented eventually.
KUALA LUMPUR: The ringgit continued its uptrend against the US dollar at the opening today on improved demand as the 2020 Economic Stimulus Package introduced yesterday boosted investors’ sentiment, analysts said.
KUALA LUMPUR: CGS-CIMB Equities Research expects Bank Negara Malaysia’s monetary policy committee to ease monetary conditions to support economic growth, with a 25bp Overnight Policy Rate (OPR) cut on March 3.