Lim Yee Ping News Today

KUALA LUMPUR (June 24): Inflation in Malaysia is poised to catch up with neighbouring countries in the second half of this year, after relatively benign consumer price index (CPI) readings until April, thanks to the blanket fuel subsidy, low utilities prices and the inclusion of price-controlled items in the CPI basket.

Malaysia’s central bank is widely expected to maintain its benchmark interest rate at a record-low on Wednesday (May 11), continuing support for the nascent economic recovery before it shifts gears in the second half of the year.

Impressive vaccine rollout, swift measures lauded

The International Monetary Fund (IMF) says Malaysia’s economy is set for a gradual recovery from the Covid-19 downturn, with real gross domestic product (GDP) growth at 3.1 per cent in 2021 and projected to accelerate to 5.75 per cent in 2022.

BNM keeps OPR pat at 1.75%; economists expect rate to stay through 2021 Justin Lim © Provided by The Edge KUALA LUMPUR (May 7): Bank Negara Malaysia kept the overnight policy rate (OPR) pat at its historic low of 1.75% after its Monetary Policy Committee meeting yesterday (Thursday, May 6), and economists are expecting this rate to be kept steady throughout 2021, despite the reintroduction of the movement control order or MCO 3.0 in targeted areas, which is seen as a short-ter...

KUALA LUMPUR (Feb 2): Malaysias trade activity is expected to recover in 2021, with gross exports to grow 5.3% to 10.9%. CGS-CIMB’s economists Michelle Chia and Lim Yee Ping said Malaysia’s exports surged 10.8% year on year in December, exceeding both their and consensus’ forecasts, driven by robust external demand for semiconductors, healthcare supplies and palm oil. “Looking beyond the near-term risks to the economic outlook arising from MCO 2.0, we expect trade activity to recover, b...

KUALA LUMPUR (Jan 19): Economists see less pressure for Bank Negara Malaysia (BNM) to cut its overnight policy rate (OPR) at the Monetary Policy Committee (MPC) meeting tomorrow — its first for the year, following the announcement on the RM15 billion Perlindungan Ekonomi dan Rakyat Malaysia (PERMAI) assistance package by the government yesterday.   JP Morgan economist Milo Gunasinghe said in a note today that while the risk of a cut has increased, he expects the central bank to remain on h...

KUALA LUMPUR (Dec 29): Economists have maintained their 2020 gross domestic product (GDP) growth forecasts for Malaysia after November exports fared better than the consensus estimate. Hong Leong Investment Bank Researchs (HLIB) Felicia Ling and Goh Khing Mae said in a note today export growth picked up to 4.3% year-on-year (y-o-y) in November, faring better than the 3.1% y-o-y consensus estimate. “Growth was lifted by manufactured exports amid a decline in commodity-related exports,” the...