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Rate likely to be reduced by 25 basis points to 1.50%
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 government will continue to roll out the measures in Budget 2021 to firmly place Malaysia on its recovery path in 2021, Tengku Datuk Seri Zafrul Abdul Aziz says.
KUALA LUMPUR: OCBC Bank Research expects Bank Negara Malaysia to likely reduce the Overnight Policy Rate (OPR) by 25 basis points to 1.50% at its Jan 20 monetary policy committee meeting due to the weaker economic outlook.
KUALA LUMPUR: Bursa Malaysia stabilised and managed to recoup part of the earlier losses on Tuesday after the Prime Minister assured there will be no curfew and that civilian government will continue.
KUALA LUMPUR: Glove makers advanced in late morning trade on Thursday as Covid-19 cases continued to climb.