Government consistent in explaining statutory debt, says MoF | Malaysia malaymail.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from malaymail.com Daily Mail and Mail on Sunday newspapers.
THERE has been some confusion as to what Malaysia’s debt-to-GDP ratio should be, specifically whether the 60% statutory debt limit has been breached. Under normal circumstances, the country’s debt-to-GDP ratio should be at 62.2% exceeding the 60% debt ceiling that was raised temporarily from 55% from last August to end-2022 to bolster its fiscal position to counter the impact of the Covid-19 pandemic.
Most banks opened up higher this morning after Bank Negara Malaysia’s (BNM) decision to keep the overnight policy rate (OPR) at 1.75% yesterday. Seven banks were in the green, while three were in the red. Malayan Banking Bhd (Maybank) opened 0.49% or four sen higher at RM8.13, Public Bank Bhd increased 1.31% or 28 sen to RM21.60, CIMB Group Holdings Bhd was up 0.74% or three sen at RM4.07, and RHB Bank Bhd gained 0.19% or one sen to RM5.30.
KUALA LUMPUR (Jan 21): Malaysia has the right formula to position it on the recovery path in terms of both public health and the economy, said Finance Minister Tengku Datuk Seri Zafrul Abdul Aziz.
He said the combination of the recent decisions involving the Overnight Policy Rate (OPR) and the Statutory Reserve Requirement (SRR) as well as Budget 2021 initiatives and the Malaysian Economic and Rakyat’s Protection (PERMAI) assistance package including the expediting of vaccine procurement and encouraging screening of employees were seen as the right formula.
“Most importantly, the measures must be seen in totality, not in isolation,” he said in presenting the 37th Implementation and Coordination Unit Between National Agencies (LAKSANA) Report today.
Thursday, 21 Jan 2021 05:11 PM MYT
Finance Minister Tengku Datuk Seri Zafrul Abdul Aziz a press conference following a visit to the Employees Provident Fund’s headquarters in Kuala Lumpur June 12, 2020. Picture by Miera Zulyana
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KUALA LUMPUR, Jan 21 Malaysia has the right formula to position it on the recovery path in terms of both public health and the economy, said Finance Minister Datuk Seri Tengku Zafrul Abdul Aziz.
He said the combination of the recent decisions involving the Overnight Policy Rate (OPR) and the Statutory Reserve Requirement (SRR) as well as Budget 2021 initiatives and the Malaysian Economic and Rakyat’s Protection (Permai) assistance package including the the expediting of vaccine procurement and encouraging screening of employees were seen as the right formula.