MSWG Weekly Newsletter 20 May 2022 (English)

Investing amid high interest rate, rising inflation, depreciating ringgit

In what is has been deemed as a surprise move, Bank Negara Malaysia (BNM) had on 11 May raised the Overnight Policy Rate (OPR) by 25 basis point to 2.00% from a record low of 1.75% which has been in place since July 2020.

Such move was in contrast with the forecast of many economists who had predicted an interest rate hike to only occur towards second half of 2022 although it has to be acknowledged that the earlier-than-expected rate increase might cushion the current ringgit weakness while reducing further capital outflows from the country.

MSWG Weekly Newsletter 13 May 2022 (English)

MACC looks beyond GLCs to clamp down on corrupt practices

In recent times, there are clear signs of the Malaysian Anti-Corruption Commission (MACC) casting its net wider to encompass PLCs who are engaged in project tie-ups with government-linked companies (GLCs) especially if there is suspicion or evidence of company personnel – from junior to senior level to company directors – engaging in graft-related activities.