Bank Negara s move allows onshore banks to gain access to the non-deliverable interest rate swap market, which would boost liquidity and diversity.
KUALA LUMPUR: Bank Negara Malaysia’s move to liberalise the interest-rate swap market will help lower hedging costs and reflects efforts to address concerns raised by investors in FTSE Russell’s review, according to Maybank Kim Eng Securities.
Move allows onshore banks to gain access to the non-deliverable interest rate swap market, which would boost liquidity and diversity, analysts led by Winson Phoon wrote in a note.
Transaction volumes in the offshore NDIRS market are estimated to be two to four times larger than that of the onshore market.
Continued foreign inflow into country bodes well for sector
PETALING JAYA: The Malaysian bond market is set to remain robust amid lingering risks after witnessing eight consecutive months of net foreign inflows into the market.
With the economic recovery underpinned by the financing of infrastructure projects, the government’s deficit financing due to stimulus measures and yield hunting activities by foreign investors, it spells good news for domestic bonds.
The government’s fiscal deficit in 2021 is projected to be at 5.4% of gross domestic product (GDP), despite a slight reduction from an estimated 6% last year.
The country’s GDP growth forecast for this year is expected to be between 6.5% and 7.5%, according to the Finance Ministry.
State of emergency in Malaysia as pandemic worsens, embattled govt could delay polls now
Covid-19 cases have exploded in Malaysia after a local election in September, with new infections hitting a record-high last week. Text Size:
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Kuala Lumpur: Malaysia’s king declared a state of emergency in the Southeast Asian nation, in a move that could allow the embattled government to delay elections as it tackles the worsening coronavirus pandemic. The ringgit and the country’s main stocks index declined.
“His Royal Majesty has given consent for the declaration of emergency to be carried out as a proactive measure to contain the Covid-19 pandemic,” the palace said in a statement on Tuesday. The decision comes a day after Prime Minister Muhyiddin Yassin imposed a two-week targeted lockdown in most of the country starting Wednesday to quell the surge in infections.
Malaysia’s king declared a nationwide state of emergency for the first time in more than half a century, suspending parliament in a move that allows embattled Prime Minister Muhyiddin Yassin to avoid facing an election until the pandemic is over.
Malaysia’s king declared a nationwide state of emergency for the first time in more than half a century, suspending parliament in a move that allows embattled Prime Minister Muhyiddin Yassin to avoid facing an election until the pandemic is over.