Ringgit well supported despite OPR cut
Prof. Yeah Kim Leng says the local unit came under pressure due to the Covid-19 virus outbreak and could have seen the worst once the new government is constitutedRM20 billion package ‘insurance’ for Malaysia
Prof. Yeah Kim Leng states that the economic stimulus package exceeded the forecast of the private sector on the impact of Covid-19 on the Malaysian economy.Tax reliefs and loan deferrals in Covid-19 stimulus package?
Prof. Yeah Kim Leng suggests a tax break to stimulate spending in the affected industries and as a relief to cash-strapped firms and businesses would not be an issue “as long as it is within prudential limits”.A booster shot that ‘hits the nail on the head’
Prof. Yeah Kim Leng assumes the package has to be funded entirely through borrowings, Malaysia’s debt level will only be raised by a minimal 0.2% of GDP from the current 70% level.Ringgit will not face extreme volatility thanks to managed float
Professor Dr Yeah Kim Leng mentioned that despite troubles, the currency is unlikely to decline to its worst even after the new government is constituted.Stimulus package ‘clever’, say economists, but employers call it ‘muddled’
Prof. Yeah Kim Leng said it was crucial to support low-income households.Pros and cons to lowering EPF contribution rates
Professor Dr Yeah Kim Leng believes that employees must be given the option to choose whether to lower their contribution rate or keep to the present percentage.Cover Story: Redefining the M40
Prof. Yeah Kim Leng says it is worth noting that the B40, M40 and T20 thresholds change with the country’s gross national income.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.