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Malaysian ringgit to remain weak against US$ next week
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.
Political developments are existential threat to economy, amid Covid-19 outbreak
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.
CIMB sees limited impact from Covid-19
KUALA LUMPUR: CIMB Group Holdings Bhd expects the outbreak of the novel coronavirus (Covid-19) to have limited impact on its assets.
Is the RM20bil stimulus good enough?
MALAYSIA is the latest country to announce a stimulus package in response to the coronavirus (Covid-19) outbreak’s impact on the economy.
Incentives should cover all sectors, say bosses
PETALING JAYA: Employers are urging for more incentives for enterprises from all sectors under the newly unveiled fiscal stimulus package instead of those mainly in the travel industry.
HSBC Amanah to provide RM200m sustainability-linked financing to Yinson
KUALA LUMPUR: HSBC Amanah Malaysia Bhd will be providing RM200mil in sustainability-linked financing (SLF) to Yinson Holdings Bhd in a move to reduce the country's carbon footprint.
CGS-CIMB Research expects OPR to be cut by 25bps on March 3
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.
GDP target within reach
PUTRAJAYA: Malaysia has revised its gross domestic product (GDP) to range from 3.2% to 4.2%, but is confident that the RM20bil economic stimulus package will enable the economy to achieve the higher side of the estimate, said Tun Dr Mahathir Mohamad.
Maybank not keen on digital licence
KUALA LUMPUR: Malayan Banking Bhd (Maybank), which reported a net profit of RM8.2bil for the financial year ended Dec 31,2019 (FY19), is not keen on applying for a digital banking licence as its current licence both here and in Singapore already allows it to carry out such operations, its chief said.