Malaysia's Securities Commission will review its framework for special purpose acquisition companies (SPACs) amid growing demand for the vehicles as a cheaper and faster route to the market compared to initial public offerings, it said on Tuesday.
Reuters
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KUALA LUMPUR, July 26 (Reuters) - Malaysia will not extend a months-long national state of emergency when it ends on Aug. 1, law minister Takiyuddin Hassan said on Monday.
The Southeast Asian country has been under emergency rule since January, with Prime Minister Muhyiddin Yassin arguing it was needed to curb the spread of COVID-19. But critics have slammed the move and accused the premier of trying to cling to power amid a slim majority.
Despite the emergency and strict lockdowns, the COVID-19 pandemic in Malaysia has only worsened, triggering public anger.
Malaysia reported a record number of cases on Sunday, taking the total number of infections past 1 million. Its per capita infection rate is the highest in the region.
Malaysia s June CPI rises 3.4% y/y, slightly below forecast
07/23/2021 | 12:00am EDT
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KUALA LUMPUR, July 23 (Reuters) - Malaysia s consumer price
index (CPI) rose by 3.4% in June, expanding from a year earlier,
government data showed on Friday.
Thirteen economists polled by Reuters had forecast the index
to increase 3.5% year-on-year. The index in April rose at its
fastest pace in four years.
Transport cost, rising 16.6%, was the main driver for the
increase in June s CPI, the Statistics Department said in a
statement.
Housing and utilities, household furnishings and
maintenance, and food and non-alcoholic beverages also saw
higher prices during the month, the department said.
Malaysia s June CPI rises 3 4% y/y, slightly below forecast reuters.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from reuters.com Daily Mail and Mail on Sunday newspapers.