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‘Differing policies may cause difficulties’
Prof Yeah said differing policies from the federal and state governments in response to the COVID-19 pandemic have played out across the world as well.
Malaysia's banking system can handle Covid-19 challenges, says BNM deputy governor
Prof Yeah argues that our excess capital is 3.1 times larger than it was during the GFC. As such, the banking system is in a stronger position to absorb losses in the current crisis.
A longer wait could have resulted in more losses in revenue'
Prof Yeah said the announcement was a welcome relief for businesses and companies that had not been allowed to operate.
Special Report: My Say: The elephant in the room
Prof Yeah believes that the foreign worker situation in Malaysia has not turned into a crisis but there will likely be one if their Movement Control Order is extended further.
Don’t dip into reserves, Putrajaya told
Prof. Yeah Kim Leng warns against dipping into the central bank reserves.
Malaysia: Pre-COVID-19 Unemployment rate steady in February, but 2020 unemployment rate forecasted to rise
Prof Yeah predicted that there will be a certain unemployment rate due to the Movement Control Order.
