Bursa Malaysia Bhd chairman Tan Sri Abdul Wahid Omar noted that in July, the average daily trading value (ADV) dropped to RM3bil compared with RM4.4bil in the first half of 2021
KUALA LUMPUR: The local bourse is hopeful of higher trading activity as the economy re-opens with the National Recovery Plan, said Bursa Malaysia Bhd chairman Tan Sri Abdul Wahid Omar.
Abdul Wahid noted that in July, the average daily trading value (ADV) dropped to RM3bil compared with RM4.4bil in the first half of 2021.
“This level is still significantly higher than the RM1.9bil per day in 2019 that we enjoyed before the Covid-19 pandemic.
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KUALA LUMPUR (March 9): Higher digitalisation and financial technology (fintech) collaborations can help strengthen the Islamic finance industry’s resilience and open new avenues for growth, said Bursa Malaysia Bhd chairman Tan Sri Abdul Wahid Omar.
He said technology is also being increasingly used towards enhancing financial literacy, which has a positive relationship with financial inclusion.
Increasing financial literacy could certainly increase participation in the Islamic financial system and the adoption of Islamic financial products and services, he said.
“Despite the challenging environment that affected the Islamic finance industry’s growth in 2020, Covid-19 offers an opportunity to accelerate and unlock its long-term potential.
PETALING JAYA: Malaysia is still on track to achieve its gross domestic product (GDP) growth target of between 6.5% and 7.5% for 2021 despite a further extension of the movement control order (MCO 2.0), as the various stimulus packages and impending vaccine rollout will help steer the country towards recovery.
Finance Minister Tengku Datuk Seri Zafrul Abdul Aziz said Malaysia had learnt some “valuable lessons” following the implementation of the first MCO last year and is optimistic that the current lockdown will not be as detrimental.
“The impact on the economy during the MCO in March 2020 was around RM2.4bil per day, but under the current one (MCO 2.0), it is about RM700mil per day.