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PETALING JAYA: Malaysia’s overnight policy rate (OPR) has been at its all-time low at 1.75% since July last year as Bank Negara’s Monetary Policy Committee (MPC) sought to accelerate economic recovery post movement control order (MCO).
KUALA LUMPUR: The FBM KLCI closed off lows after the prime minister announced another assistance package worth RM15bil to ease the pressure following the pandemic.
KUALA LUMPUR: Tan Sri Muhyiddin Yassin expects the impact of the current Movement Control Order (MCO) on the economy to be manageable as growth will continue to be supported by strong exports sector and the global trade recovery.
But prolonged closure of borders a major concern
PETALING JAYA: The ringgit may test the psychological level of 4.00 against the US dollar next week amid anticipation that Bank Negara would maintain the overnight policy rate at 1.75% at its meeting on Wednesday.
THE dollar found support from expectations of a continued economic recovery in the United States amid countries in Europe resorting to lockdowns to fend off a second Covid-19 wave; and expectations of higher government spending under the Biden administration – after a plunge in payrolls in December raised the prospect of more federal spending to aid the coronavirus-battered economy.
Immediate financial assistance packages being sought
Nuglobal Ventures sees opportunity in loss-making chip maker due to demand for 200mm wafer fabs
New group MD developing business strategy plan to rejuvenate the group