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[ad_1] PETALIZING JAYA: Hundreds of Malaysians who have lost their only source of income have started lining up outside the pawn shops, their pockets full of family heirlooms and jewelry belonging to their spouse. With financial difficulties after losing their jobs thanks to the Covid-19 outbreak and the movement control …

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The biggest rate cut in 10 years

[ad_1] PETALING JAYA: As widely expected, Bank Negara has reduced the overnight interest rate (OPR) by 50 basis points (bps), bringing the benchmark interest rate to 2% to support the decaying economy of Malaysia. With the cut in the OPR, commercial banks have followed suit with a corresponding adjustment in …

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