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Banks need to be proactive: BNM | Daily Express Online - Sabah's Leading News Portal

Banks need to be proactive: BNM | Daily Express Online - Sabah's Leading News Portal
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Tengku Zafrul: Budget 2022 to remain an expansionary budget | Malaysia

Tengku Zafrul: Budget 2022 to remain an expansionary budget | Malaysia
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Malaysian Banking And Finance Summit 2021

Malaysian Banking And Finance Summit 2021
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Customise more policies, programmes to support economic sectors: Bursa's chairman

Customise more policies, programmes to support economic sectors: Bursa s chairman
Azanis Shahila Aman
© Provided by New Straits Times
KUALA LUMPUR: Malaysia needs more customisation of policies and programmes to identify sectors or regions that need greater support amid the movement curbs, said Economic Club of Kuala Lumpur chairman Tan Sri Abdul Wahid Omar.
Wahid, who is also Bursa Malaysia chairman, said the Movement Control Order 3.0 and subsequent full MCO had stifled the country s recovery.
Malaysia had seen its 2021 gross domestic product (GDP) growth forecast being trimmed for the second time by the World Bank to 4.5 per cent, down from the six per cent growth forecast in March this year, according to him. ....

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Wahid: Customise policies, programmes to support economic sectors

Tan Sri Abdul Wahid Omar also said the banking system also remained well capitalised with core equity tier one ratio of 14.8 per cent, sufficient buffer against unexpected risks.
KUALA LUMPUR: There is a need for customisation of policies and programmes to identify sectors or regions where more support is needed amid lockdowns being implemented in the country, said the Economic Club of Kuala Lumpur (ECKL) today.
Chairman Tan Sri Abdul Wahid Omar said the third Movement Control Order (MCO) and subsequent Full MCO had stifled the recovery, resulting in the World Bank lowering its economic growth outlook for Malaysia for the second time to 4.5 per cent in 2021 down from the 6.0 per cent growth forecast in March 2021. ....

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