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BANK Negara on Tuesday slashed its overnight policy rate (OPR) by 25 basis points to 1.75%, the lowest since the current interest rate framework was introduced in 2004
KUALA LUMPUR: The ringgit opened firmer against the US dollar today, supported by stable but quiet trading in crude oil, analysts said.
PETALING JAYA: While the recent interest rate cut will have a minimal impact on the local property industry, the various supportive policies announced by the government is sufficient to help sustain the sector.
PETALING JAYA: The local stock market went on a roller coaster ride yesterday in anticipation of an interest rate cut by Bank Negara.
JAKARTA: Indonesia’s central bank is ready to further finance the government’s budget deficit and “share the burden” of fighting the coronavirus outbreak, the bank’s chief told an online seminar on Saturday.
PETALING JAYA: Pavilion Real Estate Investment Trust’s (REIT) earnings will likely remain under pressure in the near term amid the tough retail environment.
KUALA LUMPUR (Bernama): The FTSE Bursa Malaysia KLCI (FBM KLCI) is likely to rise further next week on the back of better overnight Wall Street performance on Friday coupled with the recently-announced National Economic Recovery Plan (PENJANA) incentives.
SINGAPORE (Bloomberg): All three of Singapore's banks are expected to see profit declines for the first time since 2016 as they set aside cash for a potential spike in bad loans stemming from the coronavirus-fueled economic slump.