Helping hand: RM320mil has been channelled to 9,358 micro SMEs, including those in retail and services, as at Jan 8. RAJA FAISAL HISHAN/The Star
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.
He said the combination of recent decisions involving the Overnight Policy Rate (OPR), Statutory Reserve Requirement (SRR), as well as Budget 2021 initiatives, the Permai assistance package, expediting of vaccine procurement and increased screening of employees, were all part of the right formula.
“Most importantly, the measures must be seen in their totality, not in isolation, ” he said, presenting the 37th Implementation and Coordination Unit Between National Agencies (Laksana) Report yesterday.
20 Jan 2021 / 22:17 H.
PETALING JAYA: Bank Negara Malaysia’s (BNM) Monetary Policy Committee has retained the Overnight Policy Rate (OPR) at 1.75%, citing the recovery in the global economy led by improvements in manufacturing and export activity.
However, it noted that the recent resurgence in Covid-19 cases and subsequent containment measures have affected activity in several major economies.
“The expedited rollout of mass vaccination programmes, together with ongoing policy support, is expected to lift global growth prospects going forward. Financial conditions also remain supportive,” the committee said in a statement.
It said the overall outlook remains subject to downside risks, primarily if there is further resurgence of infections and delays in mass inoculation against the pandemic.
DBS Group Research is predicting Bank Negara Malaysia (BNM) to cut the overnight policy rate (OPR) by another 25 basis points (bps), which would bring the interest rate to a new low of 1.5%, in the forthcoming monetary policy meeting scheduled for next Wednesday (Jan 20).
Published on: Saturday, December 19, 2020
By: Bernama
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Kuala Lumpur: The Malaysian bond market charted its seventh consecutive month of net foreign inflow in November at RM1.9 billion, led by Malaysian Government Securities (MGS) and Malaysian Government Investment Issues (MGII) at RM2.7 billion.
RAM Ratings Services Bhd in a statement Friday said that the sturdy foreign appetite lifted the year-to-date inflow to RM14.8 billion as of end-November 2020, 25 per cent higher than the corresponding period in the previous year.
“Foreign holdings as a percentage of total bonds outstanding rose to 13.6 per cent – the highest level since January 2020. This was underpinned by improving sentiments and yield hunt amid low global interest rates,” it said.
Published on: Saturday, December 19, 2020
By: Bernama
Text Size:
Kuala Lumpur: The Malaysian bond market charted its seventh consecutive month of net foreign inflow in November at RM1.9 billion, led by Malaysian Government Securities (MGS) and Malaysian Government Investment Issues (MGII) at RM2.7 billion.
RAM Ratings Services Bhd in a statement Friday said that the sturdy foreign appetite lifted the year-to-date inflow to RM14.8 billion as of end-November 2020, 25 per cent higher than the corresponding period in the previous year.
“Foreign holdings as a percentage of total bonds outstanding rose to 13.6 per cent – the highest level since January 2020. This was underpinned by improving sentiments and yield hunt amid low global interest rates,” it said.