Litigation Funder Fights Petronas as Royal Heirs’ $15 Billion Victory Unravels

Malaysia lowered its 2020 GDP forecast after reimposing movement curbs to contain a new COVID-19 wave, signaling a near-term slowdown in domestic activity. The downgrade hits consumption-driven sectors and energy demand, raising downside risk for Malaysian equities and the ringgit in the short term.

Analysis

Malaysia lowered its 2020 GDP forecast after reimposing movement curbs to contain a new COVID-19 wave, signaling a near-term slowdown in domestic activity. The downgrade hits consumption-driven sectors and energy demand, raising downside risk for Malaysian equities and the ringgit in the short term.