MALAYSIA

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MALAYSIA

180,455

Total Cases

667

Total Deaths

137,019

Total Recovered

42,769

Total Active Cases

+7

New Deaths

+4,275

New Cases


via malaymail01/17/2021

Health Ministry denies viral poster showing 5,122 new Covid-19 cases in Malaysia today - Malay Mail

KUALA LUMPUR, Jan 17 — The following is the 10pm update from the Communications and Multimedia Ministry (KKMM) Quick Response Team on countering fake news that has gone viral on social media. The Health Ministry (MOH) has denied the authenticity of the poster showing 5,122 new Covid-19 cases...

via finance.yahoo01/17/2021

Emerging Markets Tested by Rising Dollar Ahead of Biden’s Return - Yahoo Finance

(Bloomberg) -- A stronger U.S. dollar is proving to be an early test for emerging-market currencies on the eve of Joe Biden’s inauguration.The greenback gained over the last two weeks, buoyed by the president-elect’s proposal for a $1.9 trillion stimulus package. Most developing-nation currencies have slumped in that span, and history suggests further pain may be in store.MSCI Inc.’s gauge of emerging-market currencies ended 2020 with its biggest quarterly advance in a decade as optimism over the distribution of Covid-19 vaccines bolstered risk appetite. Now, the backdrop of rising cases, renewed lockdowns and vaccine concerns threatens to reverse those flows.“If vaccines prove less effective than we expect and [the] global economy stumbles, the ‘safe haven’ dollar would likely appreciate,” Goldman Sachs Group Inc. strategists including Zach Pandl wrote in a report.Still, the strategists “expect broad dollar weakness” this year as exposures to risk assets and upside in commodity prices can outweigh the potential drag from higher U.S. rates.One currency of interest to investors is the Turkish lira, which has climbed since hitting a record low in November. On Thursday, the central bank is expected to keep the nation’s one-week repo rate at 17%.“The lira has rallied and reserves are stabilizing, providing no reason to raise rates further,” according to Bloomberg Economics. “Still, inflation accelerated in December, limiting the scope for rate cuts.”Policy makers in Malaysia, South Africa and Brazil will also decide on their borrowing costs this week.Meantime, Biden’s return to the White House on Wednesday will carry particular significance for traders who follow relations between the world’s two largest economies. On Friday, the Trump administration announced it would sanction six officials from China and Hong Kong in a parting shot to Beijing.Central Banks DecideTurkey’s central bank will probably leave its benchmark rate unchanged, according to the median estimate of 21 economists surveyed by BloombergTwo economists predict an increase of 50 basis points, while two forecast a hike by a percentage pointThe Monetary Policy Committee led by Governor Naci Agbal boosted the one-week repo rate to 17% from 15% last month, bolstering credibility with investors after he pledged to tighten policy when needed to keep prices in checkSouth Africa’s central bank will probably leave its policy rate on hold at 3.5% on Thursday, according to 15 out of 16 economists in a Bloomberg surveyOne predicted a reduction by 25 basis pointsThe second wave of the coronavirus pandemic, renewed lockdown restrictions and the return of power cuts will likely stall a recovery in an economy that contracted 8% in 2020, according to central bank forecasts. Even so, the central bank signaled at its previous policy meeting that it’s reluctant to lower borrowing costs further after cutting the repurchase rate five times last year by a total of three percentage pointsBank Negara Malaysia is expected to keep its benchmark rate on hold Wednesday, according to a median estimate of economists surveyed by BloombergBloomberg Economics argues that the central bank can afford to stand pat after 125 basis points of easing last year. Oil prices are also recovering, and Malaysia’s key trading partner, China, remains on the mend, it saidStill, some economists in the Bloomberg survey expect a 25-basis-point cut, in part because of Malaysia’s persistently low inflation readingsMalaysia’s December year-over-year CPI is expected to remain deeply negative on FridayThe rate decision comes after Malaysia’s king declared a nationwide state of emergency for the first time in more than half a century, suspending parliament in a move that allows embattled Prime Minister Muhyiddin Yassin to avoid facing an election until the pandemic is over.Bank Indonesia is expected to hold policy rates unchanged on ThursdayThe central bank didn’t signal that more cuts were imminent at its previous meeting in December, and may be concerned about the risk of higher U.S. yields putting the rupiah under pressureOne economist in a Bloomberg survey expects a 25 basis-point cut, perhaps because inflation has remained below target for seven months straightREAD Reflation Flashes Red for Indonesia, Malaysia Debt: SEAsia RatesChina’s one-year loan prime rate -- the reference rate for bank loans to companies -- will likely remain at 3.85% in January, according to Bloomberg EconomicsBrazil’s central bank is expected to hold the key rate at an all-time low on Wednesday, while traders look for signs of more hawkish language after policy makers warned that inflation pressures could persist into the new yearKey Chinese DataA slew of economic data from China due Monday will be scrutinized given its importance for the global recovery and the Chinese outperformance narrative. The country reports fourth-quarter GDP and industrial production, retail sales and fixed assets investment dataOptimism over China’s recovery path might be fractionally dented after the poor credit growth numbers last week and disappointing PMIs for DecemberDecember currency settlement data from SAFE are due on Friday. This was previously scheduled for last week. It will be interesting to see if the hitherto low exporter-conversion rates have started to increase, as one would expect given the yuan’s steady trend of appreciation in second half 2020Ongoing Chinese official resistance to appreciation will also be monitored by traders after higher than expected yuan fixes and reports of state banks buying dollarsThe yuan edged lower last weekMore DataTaiwanese export orders for December are expected to show a further 27% year-over-year increase on WednesdayThe Taiwan dollar remained little changed last week. The authorities are stepping up their efforts to use moral persuasion to prevent currency appreciation, Reuters reported last weekSouth Korea’s 20-day January export data are due on ThursdayThese figures will likely highlight continued resilience in external demand at the start of 2021The Korean won was the worst-performing currency in emerging Asia last week as higher U.S. yields caused a pull-back in Asia’s strongest currency in second half 2020That said, a Bloomberg study suggests that the won should be relatively impervious unless the increase in U.S. yields picks upThe Philippines reports December trade figures on Thursday, while Thailand’s December trade numbers will be released on FridaySouth Africa’s CPI inflation rate probably fell to 3.1% in December, from 3.2% the previous month, a report may show Wednesday, according to the median forecast in a Bloomberg surveyOn Tuesday, Russia’s central bank may publish preliminary 4Q data on the current-account balance, while the federal statistics service releases its consumer confidence index for the same quarterThe Finance Ministry may report its December budget balance data on Wednesday or ThursdayInflation in Poland probably slowed in December to 3.7% from 4.3%, a report may show Monday, according to the median estimate in a Bloomberg surveyThat would give the central bank room to reduce borrowing costs as it tries to weaken the zlotyA reading of Colombia’s November retail sale figures, economic activity index and industrial production on Monday will probably show more signs of recovering activity, while remaining below pre-pandemic levelsBrazil’s economic activity data published on Monday will probably show a small gain in NovemberMexican unemployment data, to be released on Thursday, will be monitored for signs of how high Covid infection rates are impacting jobsInflation for the first half of January, meantime, will probably be relatively stable, according to Bloomberg EconomicsFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.

via malaymail01/17/2021

Dr Mahathir: Form doctors’ panel to advise Putrajaya on Covid-19 as Dr Noor Hisham can’t handle it alone - Malay Mail

KUALA LUMPUR, Jan 17 — The government should establish a panel of medical doctors and leading medical practitioners in the country to review its efforts in curbing the spread of Covid-19, said former prime minister Tun Dr Mahathir Mohamad. The former general practitioner also said he hopes the...

via malaymail01/16/2021

After new Covid-19 cases skyrocket, Dr Noor Hisham says worse to come if MCO fails - Malay Mail

KUALA LUMPUR, Jan 16 — Health director-general Tan Sri Dr Noor Hisham Abdullah warned Malaysians that the country’s Covid-19 situation could still worsen despite the movement control order (MCO). He urged Malaysians to heed the repeated calls for them to not leave their homes except when...


via gzeromedia01/12/2021

What We're Watching: South Africa's COVID surge, the elusiveness of herd immunity, Malaysia's political emergency - GZERO Media

South Africa shuts its borders: As a new COVID variant rips through South Africa, the country's prime minister Cyril Ramaphosa moved to close the country's land borders until at least February 15. This drastic decision comes after the government already shuttered public beaches and parks in recent w...

via reuters01/12/2021

EMERGING MARKETS-Malaysia stocks slump on COVID-19 curbs, Asian currencies range-bound - Reuters

* Malaysia shares fall as much as 1.6% * Malaysia lockdown may shave 0.7% off 2021 growth- CGS-CIMB * Rupiah falls as U.S. 10-year yields top 1% By Nikhil Nainan Jan 12 (Reuters) - Malaysia led losses across Southeast Asian stock markets on Tuesday after a state of emergency...

via theedgemarkets01/11/2021

Surviving The Impact of Covid-19: Tourism industry waits to cruise out of the doldrums - The Edge Markets MY

THE number of tourist arrivals and foreign receipts was expected to reach all-time highs this year as part of a strategy put in place a decade ago under the Economic Transformation Programme to make Malaysia a leading tourist destination. It was also designated a Visit Malaysia Year, which would give the numbers a further lift.

via malaymail01/17/2021

Insurance, takaful industry working with govt to ease Covid-19 patients’ hospital expenses - Malay Mail

KUALA LUMPUR, Jan 17 — The insurance and takaful industry is working with the Health Ministry and Bank Negara Malaysia to explore avenues where it can ease some of the expenses of Covid-19 patients whose conditions are required to be treated in private hospitals under the present circumstances....

via malaymail01/17/2021

MCO: Two men wearing pink bracelets among five compounded for breaching Covid-19 SOP - Malay Mail

PUTRAJAYA, Jan 17 — Two men wearing the pink bracelets issued by the Ministry of Health were among five individuals compounded today for breaching the standard operating procedures (SOP) since the reimplementation of the movement control order (MCO) on January 13. Putrajaya district police chief...


via malaymail01/14/2021

Former lord president Salleh Abas tests positive for Covid-19 - Malay Mail

KUALA TERENGGANU, Jan 14 — Former Lord President Tun Mohamed Salleh Abas has tested positive for Covid-19. President and Chief Executive Officer of as-Salihin Trustee Berhad, Abdul Aziz Peru Mohamed said Mohamed Salleh, who is also chairman of the trust, is being treated at the intensive care...

via factcheck.afp01/14/2021

The video shows people queueing at a Covid-19 quarantine centre in Malaysia - AFP Factcheck

A video has been viewed hundreds of times in multiple Facebook posts, along with a claim that it shows a long queue of people to enter a Covid-19 makeshift hospital in the Indonesian capital, Jakarta. The claim is false; the video actually shows a queue at a Covid-19 care centre in Malaysia.

via voanews01/12/2021

Malaysian King Declares State of Emergency Amid Rising COVID-19 Infections - VOA Asia

Malaysia’s king has declared a national state of emergency as part of an effort to curb the growing numbers of novel coronavirus infections.  The royal palace announced Tuesday that King Sultan Abdullah Sultan Ahmad Shah issued the decree after meeting with Prime Minister Muhyiddin Yassin.  King Abdullah had rejected a request by Prime Minister Muhyiddin back in October to issue a similar order due to the COVID-19 pandemic  The emergency order suspends parliament until August 1 and gives the prime minister’s government broad authority to enact laws.

via outbreaknewstoday01/11/2021

Malaysia reports COVID-19 UK variant case - Outbreak News Today

By NewsDesk  @bactiman63 The Malaysia Ministry of Health is reporting today on a case of COVID-19 variant UK B.1.1.7 or 20202/01 protein spike mutation. The case was reported from a citizen traveler who has a history of travel to the United Kingdom in December 2020. The traveler was found to be positive on 28 December 2020 […]

via malaymail01/11/2021

Consumer group: Speedboat plying Penang channel a Covid-19 time bomb - Malay Mail

GEORGE TOWN, Jan 11 — The speedboats plying the Penang channel could cause a spike in Covid-19 cases in the state if unchecked, the Consumers Association of Penang (CAP) said today. CAP president Mohideen Abdul Kader said a lack of physical distancing in enclosed air-conditioned vessels would be...


via malaymail01/17/2021

Malaysian workers in Singapore start getting Pfizer’s Covid-19 vaccine jabs - Malay Mail

SINGAPORE, Jan 17 — A number of Malaysians working in Singapore have started receiving the Pfizer BioNTech vaccine. Those who received the injection are mostly working in the sector that is given priority to receive the vaccine in this republic. Some of them started sharing the...

via arabnews01/16/2021

Middle East organic milk company sees surge in sales during COVID-19 lockdown - Arab News

RIYADH: Dairy and plant-based drinks company Koita Foods saw a 350 percent rise in online sales last year as consumers working from home during the coronavirus disease (COVID-19) pandemic embraced e-commerce and healthier diets. “Many platforms are asking for our products as globally there is a big move toward buying online,” Mustafa Koita, the firm’s founder and CEO, told

via malaymail01/14/2021

Amid Covid-19 pandemic, son of taxi driver becomes Malaysia’s newest dollar billionaire - Malay Mail

KUALA LUMPUR, Jan 15 — Tan Eng Kee never imagined he would become a billionaire after losing his father at age 13 but was now the country’s latest member of the exclusive club courtesy of his company, Greatech Technology’s listing in 2019. Forbes reported today Greatech — which produces...

via reuters01/13/2021

EMERGING MARKETS-Malaysia stocks rebound, dollar losses prop up Asian currencies - Reuters

* Malaysia shares jump 1.3% * Analysts say state of emergency, lockdowns to be better implemented, less harmful on economy * Indonesia launches vaccination drive; shares rise Jan 13 (Reuters) - Malaysia led Asia's emerging stock markets higher on Wednesday as investors bet...

via voanews01/12/2021

Malaysian King Declares State of Emergency to Curb Rising COVID-19 Infections - Voice of America

Malaysia’s king has declared a national state of emergency as part of an effort to curb the growing numbers of novel coronavirus infections.  The royal palace announced Tuesday that King Sultan Abdullah Sultan Ahmad Shah issued the decree after meeting with Prime Minister Muhyiddin Yassin.  King Abdullah had rejected a request by Prime Minister Muhyiddin back in October to issue a similar order due to the COVID-19 pandemic  The emergency order suspends parliament until August 1 and gives the prime minister’s government broad authority to enact laws.

via malaymail01/11/2021

UK-variant of Covid-19 has reached Malaysia, Dr Noor Hisham confirms - Malay Mail

KUALA LUMPUR, Jan 11 — The highly-infectious variant of the coronavirus behind Covid-19 has been detected here, Health director-general Tan Sri Dr Noor Hisham Abdullah said today. He said the variant dubbed “UK B.1.1.7” was identified from a sample taken from a traveller who had been to the...