UOB Group’s Senior Economist Julia Goh and Economist Loke Siew Ting review the recent measure announced by the Malaysian government. Key Quotes “The government announced an assistance package (PERMAI) yesterday (18 Jan) worth MYR15bn. This follows recent tightening of measures to contain the COVID-19 pandemic. The assistance package does not require new funding as it will be financed through reallocation of existing funds. We estimate about ~MYR4.0bn worth of government funds reallocated for this package.” “The PERMAI assistance package improves on the existing initiatives and accelerates the implementation of related initiatives. The package is anchored on three key objectives – 1) combating the COVID-19 outbreak, 2) safeguarding the welfare of the people, and 3) supporting business continuity.” “The latest package reaffirms that fiscal support is ongoing to sustain the economic recovery despite the current challenges… We pencilled in a 25bps OPR cut to a new low of 1.50% in 1Q 2021. However, the pressure to ease may be lesser with the latest assistance measures and government’s assessment that the economic impact from current MCO is more manageable.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next EUR/USD to prolong the corrective phase while below 1.2231 – Credit Suisse FX Street 2 years UOB Group’s Senior Economist Julia Goh and Economist Loke Siew Ting review the recent measure announced by the Malaysian government. Key Quotes “The government announced an assistance package (PERMAI) yesterday (18 Jan) worth MYR15bn. This follows recent tightening of measures to contain the COVID-19 pandemic. The assistance package does not require new funding as it will be financed through reallocation of existing funds. We estimate about ~MYR4.0bn worth of government funds reallocated for this package.” “The PERMAI assistance package improves on the existing initiatives and accelerates the implementation of related initiatives. The package is anchored on three key objectives –… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
