THE Movement Control Order (MCO), which has been reinstated in five states and three federal territories for two weeks, and the declaration of a state of emergency until August appear to have had just a minor effect on the local bourse. The FBM KLCI fell sharply on Tuesday when the emergency was announced but rebounded strongly on Wednesday for an overall positive week. Looking at the share prices across the board, for many, there is a feeling of déjà vu.
When the MCO was first enforced on March 18 last year, not many would have thought that stocks would rebound quickly, aided by market liquidity and a loan moratorium.
KUALA LUMPUR, Jan 22 AirAsia Group Bhd’s proposal to undertake a private placement of up to 20 per cent of its existing 3.34 billion shares is a step in the right direction for the company, said MIDF Amanah Investment Bank Bhd (MIDF). In a note today, it.
MIDF Amanah Investment Bank Bhd (MIDF) has maintained its positive stance on the banking sector, following Bank Negara Malaysia’s (BNM) move to maintain the Overnight Policy Rate (OPR) at 1.75 per cent
KUALA LUMPUR (Jan 21): The Government could reevaluate the Goods and Services Tax (GST) and reflect on how the consumption tax could be implemented better, considering all the possible advantages of the GST over other tax regimes will benefit the government, businesses and the people, said MIDF Amanah Investment Bank Bhd (MIDF).
In its Thematic Report released today, the investment bank said communication on the GST implementation is pivotal as it will involve the people and the Government should provide more clarifications by highlighting the possible impact in the short term and its strategies to alleviate them.
“GST reimbursement, which was an issue in the past, must be managed efficiently as any delay is unfavourable to business cash flows where the cost of doing business could be affected,” it said.
Public Bank Bhd and Malayan Banking Bhd (Maybank) are among the top losers on Bursa Malaysia now, following the discussions on a possible overnight policy rate (OPR) cut.