The recent Federal Open Market Committee meeting has signalled that the Federal Reserve (Fed) will not increase interest rates in 2021 but would encourage the US dollar to stay weaker in the coming quarters.
Published on: Saturday, April 24, 2021
By: Bernama
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Kuala Lumpur: With the announcement of the National Investment Aspirations, the government looks totally committed in taking Malaysia to the next level of economic progression by focusing on technology and innovation, said Juwai IQI Global chief economist Shan Saeed
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In analysing all the successful economies in modern times, one would find that they focused heavily on three key variables, namely technology, innovation and human capital, he said.
“With Malaysia successfully containing the Covid-19 spread, the government needs a strategy to move faster in terms of economic growth; hence this is an ideal strategy to kick-start the economy at a faster pace in the post-Covid landscape.
Published on: Saturday, April 24, 2021
By: Bernama
Text Size:
Kuala Lumpur: With the announcement of the National Investment Aspirations, the government looks totally committed in taking Malaysia to the next level of economic progression by focusing on technology and innovation, said Juwai IQI Global chief economist Shan Saeed
(pic).
In analysing all the successful economies in modern times, one would find that they focused heavily on three key variables, namely technology, innovation and human capital, he said.
“With Malaysia successfully containing the Covid-19 spread, the government needs a strategy to move faster in terms of economic growth; hence this is an ideal strategy to kick-start the economy at a faster pace in the post-Covid landscape.
“It will send a signal not only to local but also global investors that Malaysia wants to move aggressively in the global economy and Bank Negara has a strong role to play, ” Juwai IQI Global chief economist Shan Saeed said. He added that Bank Negara has played its cards very strategically in the past and has prudent monetary policies to maintain the country’s growth, price and employment stability.l
KUALA LUMPUR: Bank Negara’s move to allow non-resident banks to trade in ringgit-denominated interest rate swap (IRS) effective March 15 is seen as a positive move by the central bank, signalling that it has the policy instrument and enough room to manoeuvre in the financial market, Juwai IQI Global chief economist Shan Saeed said.
BIMB Securities Research O&G analyst Azim Faris Ab Rahim said that local activity will pick up in 2022, regardless of the price of oil. He believed the lack of investment from 2015 to 2020 will translate into more projects maturing within the next few years.
PETALING JAYA: The unstoppable streak of the oil price rally may seem like the end of the tunnel is near for the oil and gas (O&G) sector.
But amid the optimism that the market is pricing in, experts that are monitoring the sector closely believe that it is not yet all rosy.
Forecasting thunderstorms ahead, analysts and economists believe Brent crude oil has run ahead of its fundamentals as it surged above US$70 per barrel, saying that current prices are unsustainable.