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KUALA LUMPUR: Malaysia has the right formula to get on the recovery path in terms of both public health and the economy, says Finance Minister Tengku Datuk Seri Zafrul Abdul Aziz.
PETALING JAYA: Malaysia’s third quarter gross domestic product (GDP), which shrank 2.7% compared to a decline of 17.1% in the second quarter of the year, signals Malaysia’s path towards economic recovery, says Malaysian Rating Corp Bhd (MARC).MARC projected the full-year GDP forecast for 2020 to be between -4.5% and -5.5% before recovering to a growth of 6.3% to 6.7% in 2021, citing rebound by major trading partners that will aid recovery next year.
KUALA LUMPUR: Bursa Malaysia is likely to trade on a cautious tone next week as investors are looking at the release of economic data including Malaysia’s first-quarter gross domestic product (GDP) next week.
PETALING JAYA: The slash of the overnight policy rate (OPR) by Bank Negara may be a bane to older folk who depend on their savings and fixed deposits, and economists have suggested that they diversify into low risk investments.
PETALING JAYA: Stop the blame game and implement the economic stimulus package as soon as possible, says Datuk Dr Asyraf Wajdi Dusuki.
PETALING JAYA: Bank Negara Malaysia's move to reduce the Overnight Policy Rate (OPR) by 25 points to 3% could adversely affect the value of ringgit, warns a PAS economic strategist.
MEXICO CITY (Reuters) - Carlos Urzua resigned as Mexico's finance minister on Tuesday, a blow to the government of President Andres Manuel Lopez Obrador, who named a well-regarded deputy minister to replace him.