The Straits Times
Fresh restrictions set to impact on economic recovery in Malaysia
The renewed lockdown means monetary policy may have to do more of the heavy lifting to revive the economy.PHOTO: REUTERS
PublishedJan 14, 2021, 10:37 am SGT
https://str.sg/Jzww
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Asia light ends – Key market indicators this week
Asia’s light ends markets opened Jan.11 higher as sentiment was boosted by cold weather demand and hopes pinned on the COVID-19 vaccine, even as crude futures were dampened by the strengthening US dollar.
Gasoline sentiment was seen mixed, with the vaccine roll out firming the US RBOB/Brent crack spread for the fourth-straight session, while concerns over
a new lockdown in Malaysia could limit auto gas demand.
Firm naphtha prices prompted end-users to seek volumes at the lower end of the operational tolerance.
Front month March ICE Brent crude futures gained 56 cents/b from the 0430 GMT Asian close on Jan. 8 to $55.32/b at 0409 GMT Jan. 11, but was down 65 cents/b versus the London close.
The Straits Times
Long queues at hypermarts, restaurants in Malaysia ahead of expected curbs
With Muhyiddin set to announce new Covid-19 measures, many rush to stock up, dine with friends or take short trips
Shoppers queueing to enter a Tesco supermarket in the Kuala Lumpur suburb of Cheras last Friday. Two Cabinet ministers issued statements yesterday urging shoppers not to panic buy. PHOTO: ANA CHAN
PublishedJan 11, 2021, 5:00 am SGT
https://str.sg/JDDA
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KUALA LUMPUR - Malaysians thronged hypermarkets and restaurants over the weekend to stock up on supplies and dine with families and friends, ahead of new movement curbs widely expected to be announced by Prime Minister Muhyiddin Yassin on Monday (Jan 11) to tackle surging coronavirus cases.
Long queues were seen at supermarkets and hypermarkets, and items such as toilet rolls and vegetables were said to be out of stock at some supermarkets. Two Cabinet ministers issued statements on Sunday urging shoppers not to panic buy.
Lawyer Amna Karmila, 50, was among those who ate out. I wanted to take my 16-year-old son for a quick breakfast treat on Saturday before tighter rules kick in as he has been studying hard at home and school is supposed to reopen on Jan 20. I was shocked to see a really long queue of people outside the restaurant, she told The Straits Times.