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The lower Overnight Policy Rate (OPR) increase by Malaysia as compared to the Philippines, Indonesia, Korea and India is one of the main reasons for the ringgit's decline, says Datuk Seri Amir Hamzah Azizan.<br/><br/>The Second Finance Minister told the Dewan Rakyat on Monday (March 11) while Malaysia’s OPR remained at 3% after it was increased by 125 basis points, the Philippines, Indonesia, Korea and India increased their key policy rates by 200 to 450 basis points, much higher than Malaysia.<br/><br/>Read more at https://tinyurl.com/54wfryn3 <br/><br/>WATCH MORE: https://thestartv.com/c/news<br/>SUBSCRIBE: https://cutt.ly/TheStar<br/>LIKE: https://fb.com/TheStarOnline
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_lower-opr-hike-caused-ringgit39s-decline-amir-hamzah-tells-parliament.webp "The lower Overnight Policy Rate (OPR) increase by Malaysia as compared to the Philippines, Indonesia, Korea and India is one of the main reasons for the ringgit's decline, says Datuk Seri Amir Hamzah Azizan.<br/><br/>The Second Finance Minister told the Dewan Rakyat on Monday (March 11) while Malaysia’s OPR remained at 3% after it was increased by 125 basis points, the Philippines, Indonesia, Korea and India increased their key policy rates by 200 to 450 basis points, much higher than Malaysia.<br/><br/>Read more at https://tinyurl.com/54wfryn3 <br/><br/>WATCH MORE: https://thestartv.com/c/news<br/>SUBSCRIBE: https://cutt.ly/TheStar<br/>LIKE: https://fb.com/TheStarOnline")
_mof-considers-statutory-bodies39-mandate-before-approving-investments-says-amir-hamzah.webp "The Finance Ministry (MoF) takes into account the mandate for establishing statutory bodies, their investment risk management and investment expertise when considering the types of investments they are permitted to make.<br/><br/>Finance Minister II Datuk Seri Amir Hamzah Azizan told the Dewan Rakyat on Tuesday (Mar 12) when replying to a question from Wong Shu Qi (PH-Kluang) that nonetheless, there were associated risk controls and governance to reduce the risk of investment losses.<br/><br/>Meanwhile, answering a supplementary question from Datuk Ku Abd Rahman Ku Ismail (PN-Kubang Pasu) who asked about the ministry's readiness to enact new or amend existing acts to regulate the governance of statutory bodies under the ministry, Amir Hamzah said MoF is always monitoring current trends if improvements are needed.<br/><br/>Read more at https://tinyurl.com/3kpc279c<br/><br/>WATCH MORE: https://thestartv.com/c/news<br/>SUBSCRIBE: https://cutt.ly/TheStar<br/>LIKE: https://fb.com/TheStarOnline<br/>")
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