Wednesday, 14 Oct 2020 12:43 PM MYTKUALA LUMPUR, Oct 14 — Budget 2021, to be tabled on November 6, should boost the country’s recovery if the government remains supportive of expansion and growth.
Chew said the measures are critical in the current environment to support the country’s recovery and the government remains committed to the consolidation over the medium term and it has a strong track record of delivering results over the medium to long term. “By and large, the economy is operating unlike before. And the external sector is also recovering. So, we might see in some countries the resurgent in number of cases but by and large if you look at the macro numbers, they are generally improving globally.”
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Bank Negara sees most Malaysian households withstanding equity market shocks | Malay MailKUALA LUMPUR, Oct 14 — Some households are facing increased financial stress, despite a cautious stance that reflected in the weaker loan growth amid movement restrictions and lower discretionary purchases. As of June 2020, household debt moderated to 4.0 per cent compared with 5.5 per cent...
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Bank Negara expects business conditions to improve in second half of 2020 | Malay MailKUALA LUMPUR, Oct 14 ― Bank Negara Malaysia (BNM) expects business conditions to improve in the second half of the year (2H2020), in line with the gradual improvement in economic activity. “The extension of targeted financial relief measures will continue to help support businesses alongside...
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Bank Negara: Most households can withstand extreme equity market shock | Malay MailKUALA LUMPUR, Oct 14 — Most households can withstand extreme equity market shock equivalent to that experienced during the Asian Financial Crisis as investments were funded by excess cash reserves and not borrowings, according to Bank Negara Malaysia (BNM). It said a notable development in the...
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Bank Negara sees Malaysia’s financial strength helping it sidestep Covid-19 crisis | Malay MailKUALA LUMPUR, Oct 14 — Malaysia's strong financial institutions, system and preparedness can safeguard its economy from falling into a crisis, said Bank Negara Malaysia Deputy Governor Jessica Chew. “We have the capacity to respond to the potential spike in infections much better than we...
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Households facing increased financial stress - Bank NegaraThe central bank, however, estimates only about 15 pct of households have difficulties servicing debt due to income or unemployment shocks. Ini semua salah KlusterMenteri KlusterPolitik MuhyiddinOut Lost my job as a sales manager a month ago. Just signed up as a banci part-timer. Meager pay but got to have some income to feed my family. Now bank is chasing to pay up house loan which I'm no longer able to pay. Hopefully loan moratorium will be extended. Wow. Really?
Source: malaysiakini - 🏆 20. / 51 Read more »
Bank Negara to cut interest rates again, in November? | New Straits TimesKUALA LUMPUR: Bank Negara Malaysia could possibly cut interest rates again in November following rising Covid-19 cases and stalling economic recovery, Standard Chartered Bank said.
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