Posted by gooddaymate > 2020-07-07 12:30 | Report Abuse

Cheers mate...

Posted by hwl5211 > 2020-07-07 21:08 | Report Abuse

ARB is changing executive director.

Posted by goodiewilly > 2020-07-07 21:58 | Report Abuse

Well said TRD

Posted by goodiewilly > 2020-07-07 21:58 | Report Abuse

Thanks and appreciated TRD

Posted by goodiewilly > 2020-07-08 06:52 | Report Abuse

https://www.theedgemarkets.com/article/arb-md-yeo-wang-seng-and-son-gee-kuan-resign?type=malaysia
Big issue: Founders step down..a big change in ARBB..fly fly gly

Posted by CHLEONG888 > 2020-07-08 07:52 | Report Abuse

With changing of the chair person, the share price will surge.

Posted by malva > 2020-07-08 08:45 | Report Abuse

ARB MD Yeo Wang Seng and son Gee Kuan resign

Posted by up41 > 2020-07-08 10:06 | Report Abuse

There are common directors for this & AEGS

Posted by SunnyWong > 2020-07-08 10:20 | Report Abuse

(Bloomberg) -- Malaysia’s central bank cut its benchmark interest rate by 25 basis points to the lowest on record and warned of lingering downside risks to a economy reopening after months of lockdown against coronavirus.

The overnight policy rate was reduced to 1.75%, the lowest in records dating back to 2004, as 14 of 25 economists surveyed by Bloomberg predicted. Four had forecast a 50 basis-point cut, while seven expected no change.

The rate cut “provides additional policy stimulus to accelerate the pace of economic recovery,” the central bank said in a statement. Policy makers “will continue to assess evolving conditions and their implications on the overall outlook for inflation and domestic growth.”

Bank Negara Malaysia’s fourth straight rate cut comes hours after the finance minister alluded to fiscal and monetary policy space to continue supporting the economy amid three straight months of deflation and the worst unemployment in decades. The economy began reopening May 4 after a lockdown to contain the pandemic shuttered businesses and left nearly a million people jobless.

Downside Risks

Recent indicators show activity picking up, but the pace and strength of recovery “remain subject to downside risks emanating from both domestic and external factors,” the central bank said. Risks include persistent weakness in the labor market and a tepid global recovery.

“The statement is dovish enough to expect more rate cuts but cautious enough to manage expectations, as it mentions economic recovery,” said Trinh Nguyen, a senior economist at Natixis SA in Hong Kong. “That means that we likely will have another 25 basis-point cut but not much more, as the ringgit remains weak.”

Benchmark three-year government bonds extended gains after the decision, with yields falling seven basis points to 2.09% as of 4:37 p.m. in Kuala Lumpur. The ringgit held the bulk of its gains, rising 0.1% to 4.2760 per dollar.

Malaysia’s chief statistician, Mohd Uzir Mahidin, has warned the economy is headed for recession. The government has announced 295 billion ringgit ($69 billion) in stimulus to cushion the effects of the pandemic, and is drafting a bill of economic recovery measures.

What Bloomberg’s Economists Say:

“Bank Negara Malaysia may pause its easing cycle for the remainder of 3Q, taking stock of its 125 bps of rate cuts and other measures so far this year, alongside nascent signs of recovery. Even so, the central bank sounds wary of prolonged economic weakness amid a highly uncertain recovery track. We expect another 25 bps rate cut in 4Q.”

Click here to read the full report

Tamara Mast Henderson, Asean economist

Consumer prices have been declining since March, dropping by a record-low 2.9% in both April and May on the back of falling transport costs. Bank Negara Malaysia, which previously forecast inflation in a range of -1.5% to 0.5% this year, said Tuesday full-year inflation is likely to be negative.

The central bank also warned of the potential for further virus outbreaks that might force authorities to restrict movement again. Tuesday’s decision came hours after a six-week lockdown was imposed in Melbourne, Australia’s second-largest city, amid a fresh coronavirus outbreak, and as U.S. states consider tightening restrictions again amid a resurgence of cases.

Monetary Policy Committee members “remain guarded as to what the future may hold,” said Mohd Afzanizam Abdul Rashid, chief economist at Bank Islam Malaysia Bhd. “The key message from the MPC is that BNM will go the extra mile in terms of monetary policy accommodation.”

Posted by DoubleProsperity > 2020-07-08 10:22 | Report Abuse

Blacklist
Have to
Go to
Loans Sharks

Posted by FOOK YOU FOOK ME > 2020-07-08 10:22 | Report Abuse

signs we are going bust

Posted by gooddaymate > 2020-07-08 10:23 | Report Abuse

Good day mates

Posted by Miz Raya Bloom > 2020-07-08 10:23 |

Post removed.Why?

Posted by gooddaymate > 2020-07-08 10:24 | Report Abuse

How many can afford now? With high unemployment rate, BNM you're only doing good for the rich. Not for the majority of average earners... What a joke to have more people lending!

Posted by gooddaymate > 2020-07-08 10:25 | Report Abuse

crikey....

Posted by QueenElizebeth IV > 2020-07-08 10:25 | Report Abuse

Hahaha with low FD rate, FD is like toilet paper, no choice but to gamble it in investment.

Posted by WellingtonSky > 2020-07-08 10:26 | Report Abuse

Your the one gamble here, u can't win all games here. Who knows if Petron would be the sole supplier of fuel to MAS or govt? or the cable company given the award for internet fiber optic lines?

Posted by Elaine Tan > 2020-07-08 10:27 | Report Abuse

Credit card interest still capped at 18%. So, who's going to make sure bank are lower it to spur spending

Posted by RAMPAGE GODLIKE ! > 2020-07-08 10:28 | Report Abuse

FD rates very low

Posted by RAMPAGE GODLIKE ! > 2020-07-08 10:28 | Report Abuse

hu hu hu hu hu

Posted by traderstrades > 2020-07-08 10:29 | Report Abuse

But bank negara have forgotten the retired group who depends on interests generated from their FD, now with lower interests earned how do you expect them to spend to stimulate the economy

Posted by Kenny Chua > 2020-07-08 10:30 | Report Abuse

traderstrades , Then invest more and more in Arbb lo, very bright future in Arbb... Japan has much more older people and they have negative interest

Posted by GothicRock > 2020-07-08 10:32 | Report Abuse

rates down...imagine few years ago US rates was history low and what happened. sometimes once goes low will have greater impact than benefits. braces for later storms when things go lower. the rich probably just a pinch, for the poor and mid...is do or die situation. gomen don't see it in specific group but instead overall..benefit who..? the rich...!

Posted by FancyMe > 2020-07-08 10:33 | Report Abuse

GothicRock, what are the impact to the poor exactly?

Posted by GothicRock > 2020-07-08 10:34 | Report Abuse

FancyMe......just like usa many citizen sleep in street . we all put money into bursa market and property. let the rich get more rich. the poor can sleep outside the street. no need to worry. we all are happy.

Posted by FancyMe > 2020-07-08 10:35 | Report Abuse

GothicRock, you need to be more detail for this. I still don't get why

Posted by GothicRock > 2020-07-08 10:37 | Report Abuse

https://www.google.com/.../las-vegas-parking-lot-homeless...

Posted by GothicRock > 2020-07-08 10:37 | Report Abuse

They called it as Hobo

Posted by FancyMe > 2020-07-08 10:38 | Report Abuse

Those Hobo live in the street because of low interest rate?

Posted by GothicRock > 2020-07-08 10:40 | Report Abuse

Let me explain more.....

Posted by GothicRock > 2020-07-08 10:40 | Report Abuse

When the interest rate is low, rich will take out money to buy property. take loan also look like cheap and this will be a chance for rich to get cheap loan and buy more property and this will make property price rally. as property price rally cost of doing business also increased as rental fees increased by the rich landlord. food price also will rally as land for planting vegetable also increased. so everyting will have a price increased and rally. last year you can buy a raw whole chicken for RM6, today now buy a whole chicken is RM8++ . for the poor fixed deposit is not going to help the poor increase income any more rather than decreased the income of the poor. the poor buy a house become more difficult as all house and land have brought by the rich. if rent , the rental fees sure high. last not enough money as salary only rm1200 fd income only 1.75% per year. than how. where are the poor going to stay??

Posted by FancyMe > 2020-07-08 10:41 | Report Abuse

Thanks and appreciate your kind explanation!

Posted by LOVE IS IN THE AIR..... > 2020-07-08 10:41 | Report Abuse

Low interest rate will not benefit the B40 and M40. As they are unlikely to spend on big tickets and cannot get loan from any bank.

Posted by SweetiePie > 2020-07-08 10:42 | Report Abuse

Local councils should introduce yellow bin (biohazard bin) specially designed for used masks. Add RM1k penalty for masks littering too into the SOP to curb cross-transmission, YB Minister Ismail and NSC.

Posted by Kenny Chua > 2020-07-08 10:47 | Report Abuse

川普致函聯合國 美國正式退出世界衛生組織

美國國務院和聯合國週二 (7 日) 表示，川普政府已正式致函聯合國秘書長古特瑞斯 (Antonio Guterres)，宣布美國正式退出世界衛生組織 (WHO)，並於 2021 年 7 月 6 日起生效。

聯合國秘書長發言人杜加里克 (Stéphane Dujarric) 週二提到，川普政府週一向秘書長古特瑞斯寄出退出 WHO 通知，美國將在一年內退出世衛。美國國務院受訪時稱，美國將繼續尋求對 WHO 的改革。

美聯邦參議院外交委員會主席孟南德茲 (Robert Menendez) 週二透露，美國國會已收到通知，在疫情大流行之際，川普總統已正式讓美國退出 WHO。

美國向來是 WHO 最大資助國，每年提供 4 億至 5 億美元的強制性和自願捐款，目前美國還欠世衛組織約 2 億美元的當期和過往會費。根據退出條款，美國必須先履行對 WHO 財務義務，然後才能正式確定退出。

美國總統川普 5 月 29 日宣布，美國將退出 WHO，理由是世衛未能在 30 天之內做出實質性的重大改革，美國將永久性的撤出資金。

川普曾多次指控世衛搞砸防疫，而且立場卻偏袒中國，忽視新冠病毒 (COVID-19) 疫情的種種警告訊號，造成了世界極大的損失。

美國前副總統、民主黨參選人的拜登曾表示，他支持世衛組織，並於週二承諾，如果他在 11 月美國總選大選擊敗川普，美國將重新加入 WHO。

拜登稱：「當美國致力於強化全球健康體系時，美國人民才會更安全，若我當選，我將在就任首日讓美國重返 WHO，並恢復我們在世界舞台上的領導地位。」

Posted by RangeRover222 > 2020-07-08 10:48 | Report Abuse

Good

Posted by RangeRover222 > 2020-07-08 10:48 | Report Abuse

祝川普連任。

Posted by MoneyMachineMaker发发发 > 2020-07-08 10:49 | Report Abuse

加入本來就沒意義了 每年捐4億美元 確被一個捐4千萬的控制亂搞
這樣的話只有傻B才會加入~

Posted by Zoologist > 2020-07-08 10:51 | Report Abuse

以西方的人权自由与标准。就是不听我指挥，不听我使唤那我就退群。这就是美国的标准。

Posted by XmenOrigin > 2020-07-08 10:52 | Report Abuse

武汉肺炎 中国制造

Posted by ChineseKungFuMaster > 2020-07-08 10:53 | Report Abuse

Is Trump lost?

Posted by ChineseKungFuMaster > 2020-07-08 10:53 | Report Abuse

Or GET LOST

Posted by ChineseKungFuMaster > 2020-07-08 10:53 | Report Abuse

haha

Posted by laychee > 2020-07-08 10:55 | Report Abuse

WHO昨天突然宣布Covid不能通过空气传播，推翻之前的自己言论。

如果不能通过空气传播，是不必戴口罩的。

WHO很明显是给人收买，拿生命来开玩笑。

Posted by MoneyMaker168 > 2020-07-08 10:55 | Report Abuse

明年川普还在位嗎？这是一个大问题！退群看來要等到美国总統大选过后才能做決定了。

Posted by AndyChin77 > 2020-07-08 10:56 | Report Abuse

還要等明年喔？

Posted by AndyChin77 > 2020-07-08 10:56 | Report Abuse

傻B！到時候換總統了

Posted by SweetiePie > 2020-07-08 10:57 | Report Abuse

那么我明年生日不是大庆祝,haha

Posted by laychee > 2020-07-08 10:57 | Report Abuse

要看11月时的股市，如果旺，川普就会赢。

Posted by LOVE IS IN THE AIR..... > 2020-07-08 10:59 | Report Abuse

Thank you for your farsighted info laychee!