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Malaysia cuts reserve ratio in surprise move

MALAYSIA unexpectedly eased its reserve ratio as part of moves to release RM30 billion (S$9.9 billion) of liquidity into the banking system as the economy struggles through a lockdown to contain the novel coronavirus pandemic. Bank Negara Malaysia cut the statutory reserve requirement ratio by 100 basis points to 2 per cent, effective Friday. It […]

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A worker harvest oil palm fruits at Felda Sahabat in Lahad Datu. AZHAR MAHFOF/The Star (25/2/2013)
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Malaysia: CPO prices hit by uncertainties

KUALA LUMPUR: As the Covid-19 pandemic continues to develop, there could be an increase in demand for vegetable oils in China as the situation there improves even as demand slows in other countries hit hard by the outbreak. According to Affin Hwang Capital research, which has a neutral outlook on CPO, the impact on food […]

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Malaysia: Retail sector takes viral and political blow

PETALING JAYA: The Malaysia Retailers Association (MRA) said the coronavirus (Covid-19) outbreak and the change in government – both unexpected events – have affected retail consumption in the first two months of this year with retailers reporting a drop in sales of as much as 80%. If unresolved over the next couple of months, it […]

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