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 […]
Read MoreKUALA 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 […]
Read MorePETALING 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 […]
Read MoreSINGAPORE: Malaysia’s movement control order is the latest threat to a Singapore economy already reeling from the coronavirus outbreak. The city state relies heavily on its neighbour’s workers and food, and Malaysia’s move Monday night to ban all visitors and prevent residents from travelling overseas for about two weeks will choke off a key labour […]
Read MoreKUALA LUMPUR: Bank Negara has confirmed that the public will continue to have nationwide access to essential financial services under the government’s movement control order from March 18 to March 31. The central bank said to this end, all banking institutions, development financial institutions, insurance companies and takaful operators will ensure the continued operation of […]
Read MoreMALAYSIA is restricting movement nationwide for two weeks from March 18 to fight the Covid-19 outbreak. Entry restrictions will be in place, and all shops will close, with the exception of those selling food and daily essentials. Schools, private businesses and government departments will also close, except for those providing essential services. Malaysian Prime Minister […]
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