King's decision not to declare emergency a major relief to market - CGS-CIMB

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Emergency declaration would have shaken consumers, businesses and investors’ confidence, says stockbroking firm.

The Yang di-Pertuan Agong Sultan Abdullah Sultan Ahmad Shah’s decision not to declare an emergency is a major relief to the market, CGS-CIMB said.

In a research note today, the stockbroking firm said an emergency declaration would shake consumers, businesses and investors’ confidence in the country, leading to lower growth prospects for the country and corporates...

Source: News Formal (newsformal.com)

 

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