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.
You are screwed !!!
What does outflow in equity market says than?