Finance minister: Foreign inflows into bond mart reflect confidence in country’s policies, direction | Malay Mail

  • 📰 malaymail
  • ⏱ Reading Time:
  • 40 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 19%
  • Publisher: 86%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

Finance minister: Foreign inflows into bond mart reflect confidence in country’s policies, direction

Tuesday, 02 Feb 2021 04:47 PM MYT

The finance minister said although Bank Negara Malaysia has cut the Overnight Policy Rate to record low of 1.75 per cent, there is room for the central bank to take action in terms of monetary policy. Tengku Zafrul further said that Malaysia, alongside other countries including South Korea, Indonesia, Thailand and the Philippines, experienced a significant foreign outflow which, at the same time, imposed a downward pressure on the currency market.

Hence, the government has introduced various tax and investment incentives under the National Economic Recovery Plan and Budget 2021, as well as measures to ensure seamless facilitation of investors such as the establishment of the Project Acceleration and Coordination Unit and various online platforms such as the i-Incentive.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

You are screwed !!!

What does outflow in equity market says than?

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 1. in NG

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines