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Understanding the Islamic perspective of Covid vaccines 25 Jan 2021 / 08:35 H. Pix for representational purpose only.
KUALA LUMPUR: While Malaysia awaits its first consignment of the Covid-19 vaccine next month, certain quarters are still disputing the safety and halal status of the vaccine shots.
Malaysia has so far entered into joint agreements with the World Health Organisation’s COVAX facility as well as the United States-based Pfizer-BioNTech and United Kingdom’s AstraZeneca for its vaccine supply.
The rollout of the first 12.8 million Pfizer-BioNTech doses is expected to begin in Malaysia at the end of February 2021 and will cover 20 percent of the population with its two-dose regimen.
Experts think Bank Negara may avoid tightening the country’s monetary policy settings next year.
PETALING JAYA: While Malaysia is expected to escape deflation in 2021 and see increased price pressures in the coming months, experts think Bank Negara may avoid tightening the country’s monetary policy settings next year.
According to CGS-CIMB Research, policymakers at the central bank are likely to remain cautious due to the uneven economic recovery.
As a result, the benchmark overnight policy rate (OPR) could be retained at 1.75% throughout 2021.
The research house forecasts a headline inflation of 1.6% in 2021 as compared to an estimated deflation of 1.1% in 2020.
KUALA LUMPUR (Dec 23): While Malaysia reported its ninth consecutive month of deflation in November, as measured by the Consumer Price Index, this is not likely to spur another overnight policy rate cut by Bank Negara at its next Monetary Policy Committee meeting that is scheduled to take place in January.
Malaysia’s CPI slipped 1.7% year-on-year (y-o-y) to 120.0 in November from 122.1 recorded in the same month in 2019, according to the Department of Statistics Malaysia (DOSM) earlier today.
In a statement, chief statistician Datuk Seri Dr Mohd Uzir Mahidin attributed the lower CPI to a decline in several indices, namely transport (-11.1%), housing, water, electricity, gas and other fuels (-3.3%), clothing and footwear (-0.5%), and furnishings, household equipment and routine household maintenance (-0.1%), which contributed 45.7% of its overall weight.