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Dr M to handle economic stimulus package, says Lim
PETALING JAYA: Interim Prime Minister Tun Dr Mahathir Mohamad will decide on the timing of the announcement of the economic stimulus package to mitigate the impact of the Covid-19 outbreak, says former Finance Minister Lim Guan Eng.
Dr M to announce economic stimulus package at a later date, says Guan Eng
PETALING JAYA: Interim Prime Minister Tun Dr Mahathir Mohamad will decide on the announcement of the economic stimulus package to mitigate the impact of the Covid-19 outbreak on the country's economy, says former Finance Minister Lim Guan Eng.
Banks may see further compression in NIM
PETALING JAYA: Banks in Malaysia may see further compression in net interest margin (NIM) by three to four basis points (bps) should the central bank cut interest rates again in the coming months to support the country’s slowing economy.
Pressure mounts on government as economic worries intensify
PRESSURE is mounting on the Pakatan Harapan government to prove its mettle after the country recorded its worst growth rate since the Global Financial Crisis a decade ago.
PM to announce economic stimulus package on Feb 27
KUALA LUMPUR: Prime Minister Tun Dr Mahathir Mohamad will announce the economic stimulus package on Thursday, Feb 27 to mitigate the impact of the Covid-19 outbreak.
PM to announce stimulus packages involving all ministries
KUALA LUMPUR: Prime Minister Tun Dr Mahathir Mohamad will announce a stimulus package that involves all ministries on expectations the economy will be impacted by the coronavirus (Covid-19) especially in the first quarter.
Weak 4Q GDP drags ringgit lower against US$
KUALA LUMPUR: The ringgit opened lower against the US dollar in early trade as below-than-expected fourth quarter 2019 gross domestic product (GDP) results curbed investors’ appetite for the local currency, a dealer said.
Plans afoot to extend D-SIBs’ asset size
PETALING JAYA: Consideration will be made to extend the asset size of domestic systemically important banks (D-SIBs) to ensure domestic banks are well buffered against any disruption, Bank Negara assistant governor Jessica Chew says.
Bank stocks skid on possible cut in rate
PETALING JAYA: Banks led the FBM KLCI lower in Wednesday’s trade after Bank Negara hinted at the possibility of another cut in the interest rate.