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Published on: Wednesday, December 16, 2020 By: Bernama Text Size: Kuala Lumpur: Fitch Ratings’ downgrade for Malaysia’s credit rating from A- to BBB+ will not stifle efforts towards economic recovery in 2021, said Finance Minister Tengku Datuk Seri Zafrul Abdul Aziz (pic). “The Budget 2021 initiatives will continue the recovery momentum and are expected to contribute to the gross domestic product (GDP) growth target of between 6.5 per cent to 7.5 per cent next year. “Many have often said this projection is too optimistic. However, Fitch itself has projected the local economy to grow ...

Stating the facts: Zafrul replying to questions in Parliament. — Bernama DESPITE the recent Fitch Ratings downgrade of Malaysia’s sovereign rating, there was no volatility in the country’s stock market, says Tengku Datuk Seri Zafrul Tengku Abdul Aziz. “Since the announcement, there has been no knee-jerk reaction from the market. “In this respect, the FBM KLCI and ringgit remained stable and we recorded a high bid to cover ratio demand of 2.6 times above the value of government MGII (Malaysian Government Investment Issues) 10-year bonds offered last week, ” said the Finance Ministe...

12:15 PM MYT KUALA LUMPUR: There was no "knee-jerk" reaction from the stock market despite Fitch Rating's downgrading Malaysia's sovereign debt rating, says Tengku Datuk Seri Zafrul Tengku Abdul Aziz. "Since the announcement, there has been no knee-jerk reaction from the stock market. "In this respect, the FBM KLCI and ringgit remained stable and we recorded a high bid-to-cover ratio demand of 2.6 times above the value of government MGII 10-year bonds offered last week," said the Finance Minister in reply to a question from Lim Guan Eng in Parliament on Tuesday. (Dec 15). He noted that invest...

Fitch’s downgrade won’t stifle efforts to revive economy in 2021 — Tengku Zafrul 15 Dec 2020 / 12:35 H. Once the economy recovers, efforts to strengthen the country’s economy will continue said Finance Minister Tengku Datuk Seri Zafrul Abdul Aziz. — Reuters KUALA LUMPUR: Fitch Ratings’ downgrade for Malaysia’s credit rating from A- to BBB+ will not stifle efforts towards economic recovery in 2021, said Finance Minister Tengku Datuk Seri Zafrul Abdul Aziz. “The Budget 2021 initiatives will continue the recovery momentum and are expected to contribute to the gross domestic ...

Tuesday, 15 Dec 2020 12:01 PM MYT Finance Minister Datuk Seri Tengku Zafrul Abdul Aziz tables Budget 2021 in Parliament November 6, 2020. ― Bernama pic Subscribe to our Telegram channel for the latest updates on news you need to know. KUALA LUMPUR, Dec 15 — Fitch Ratings’ downgrade for Malaysia’s credit rating from A- to BBB+ will not stifle efforts towards economic recovery in 2021, said Finance Minister Datuk Seri Tengku Zafrul Abdul Aziz. “The Budget 2021 initiatives will continue the recovery momentum and are expected to contribute to the gross domestic product (GDP) growth tar...