Tengku Zafrul said for 2020, the GDP has been estimated to be within the range of -3.8 per cent to 0.5 per cent. ― Picture by Yusof Mat Isa
Malaysia recorded only five new Covid-19 cases on Monday, with only 198 active cases and an approximately 98 per cent recovery rate to date. Bank Negara Malaysia has projected economic growth to be within -2.0 per cent – 0.50 per cent, the International Monetary Fund and the World Bank . This is represented almost equally in terms of total equity market capitalisation, as well as the value of bonds outstanding, he said.
“Without a doubt, the capital markets have served as a key platform to mobilise savings and investments by efficiently allocating resources to finance businesses that create jobs and wealth,” he said.
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