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Ringgit weakens past 4.18 against US dollar amid Asian currencies sell-off
Prof. Yeah Kim Leng opined that weaker currencies are inevitable due to the low interest environment with widened fiscal deficits as stimulus packages are being rolled out.
Business sector shares proposals
Prof. Yeah Kim Leng hopes the economic stimulus package would ensure a “Malaysians helping Malaysia” approach to spur domestic demand.
Consumers get lower borrowing cost, more cash with OPR cut
Prof. Yeah Kim Leng mentions that said for individuals and businesses that have bank loans with variable interest rates, the OPR cut will translate into lower interest servicing payments.
Inject fast track measures to boost consumer spending, says economist
Prof Yeah Kim Leng recommended a general stimulus package to boost spending although he wasn't keen on the proposed reduction of the Sales and Services Tax (SST).
Stimulus expected to provide relief for tourism-related industries
Professor Dr Yeah Kim Leng said relief packages for COVID-19 for tourism-related industries and affected industries will contain many similarities to the package for SARS years ago.
Malaysia’s economy to expand between 4.4% and 4.5% in 2019
Prof. Yeah Kim Leng says that said the country’s economy is expected to post growth between 4% and 4.3% in the final three months of 2019.
