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Economists divided on why central bank should maintain or cut rate
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).
THE week opens with Bank Negara’s decision on the overnight policy rate (OPR). The monetary policy committee (MPC) of Bank Negara is expected to meet on Wednesday.
KUALA LUMPUR: UOB Asset Management (M) Bhd (UOBAM Malaysia) has launched the United Great Dragon Fund to provide retail investors with access to China-listed companies set to become the future growth drivers of China’s economy.
KEY economic data for this week will be the growth of industrial production and unemployment rate that will help investors and economists gauge the recovery of the economy.
KUALA LUMPUR: TIME dotCom is a key beneficiary of remote work environment and cloud storage and it is well positioned to capture rising demand within its retail, wholesale, enterprise and data centre segments, UOB Kay Hian Malaysia Research said.
Increase due to tight global vegoil supply and recovery demand