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KUALA LUMPUR: The higher the rate of unemployment, the higher the level of non-performing loans (NPLs). That is the simplest hypothesis to explain the hike in NPLs especially in times of crises.
TANGKAK: Prime Minister Tan Sri Muhyiddin Yassin has made it known that he has “no interest to play politics” while Malaysia is still being affected by the Covid-19 pandemic.
Rebound to be supported by fiscal and monetary stimulus
THE economy expanded 0.7% in the first quarter ended March 31, the slowest pace since 2009, but not as bad as the market had predicted.
Malaysia narrowly escapes contraction in Q1 with 0.7% growth
KUALA LUMPUR: Bank Negara will continue to monitor the prevailing economic and financial developments before deciding on further adjustments to the overnight policy rate (OPR) and statutory reserve requirement (SRR) in 2020.
PETALING JAYA: Given the overwhelming demand for the Special Relief Facility (SRF), Bank Negara has upsized the fund by another RM5bil to RM10bil.
KUALA LUMPUR: Malaysia's economic activity is expected to gradually improve in the second half of the year (2H 2020) after COVID-19 containment measures are eased and the domestic Movement Control Order (MCO) is lifted, said Bank Negara Malaysia.
KUALA LUMPUR: The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives is expected to remain sluggish next week as weaker demand continues to weigh on prices
ALTHOUGH much uncertainty prevails amid the current global Covid-19 virus outbreak, the Malaysian banking system remains resilient, thanks to strong capital buffers - a result of prudent measures - undertaken over the years.