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Retention of Tengku Zafrul, Tok Pa in Cabinet indicates tabling of 12th Malaysia Plan, Budget 2022 on track, says Maybank IB
KUALA LUMPUR (Bernama): The main positive for the economy from the new Cabinet line-up is the retention of Finance Minister Tengku Datuk Seri Zafrul Abdul Aziz and Minister in the Prime Minister's Department (Economy) Datuk Seri Mustapa Mohamed, according to Maybank Investment Bank Bhd (Maybank IB).
DESPITE the recent Fitch Ratings downgrade of Malaysia’s sovereign rating, there was no volatility in the country’s stock market, says Tengku Datuk Seri Zafrul Tengku Abdul Aziz.
KUALA LUMPUR: There was no "knee-jerk" reaction from the stock market despite Fitch Rating's downgrading Malaysia's sovereign debt rating, says Tengku Datuk Seri Zafrul Tengku Abdul Aziz.
KUALA LUMPUR: Fund managers and analysts have described any move to declare a state of emergency as acceptable considering the current Covid-19 situation and its impact on the economy.
KUALA LUMPUR: The Employees Provident Fund (EPF) recorded a gross investment income of RM15.12bil in the second quarter ended June 30 during extremely volatile and challenging conditions
KUALA LUMPUR: Datuk Seri Najib Razak maintains that he has no knowledge of the RM42mil that was misappropriated from SRC International Sdn Bhd, which was formerly a subsidiary of 1Malaysia Development Bhd.
KUALA LUMPUR: The High Court here has sentenced former prime minister Datuk Seri Najib Razak to 12 years in jail and a total fine of RM210mil in default of five years in jail after he was found guilty of seven charges in the first of a series of cases involving the 1Malaysia Development Bhd (1MDB) scandal.
KUALA LUMPUR: Oil prices are projected to rise going forward as global economies gradually start gradual reopening, thus providing a positive catalyst for Bursa Malaysia next week. The Bursa which ended above 1,400 on Friday will inspire some confidence in the market next week.
KUALA LUMPUR: Bursa Malaysia is likely to trade on a cautious tone next week as investors are looking at the release of economic data including Malaysia’s first-quarter gross domestic product (GDP) next week.