Economists: Zafrul's reappointment positive for capital markets

Economists: Zafrul's reappointment positive for capital markets - Hello loyal readers FeedGoogle, In the article you are reading this time with the title Economists: Zafrul's reappointment positive for capital markets, We have prepared this article well for you to read and take information in it. hopefully the contents of the post Article Malaysians, what we write you can understand. Alright, happy reading.

The reappointment of Tengku Zafrul Abdul Aziz as finance minister reflects positivity for capital markets, businesses and the people at large as it instills a sense of confidence on policy continuity, says Bank Islam Malaysia chief economist Mohd Afzanizam Abdul Rashid.He said with the former banker remaining in the cabinet, there would be policy continuity and clarity on the country’s fiscal policy direction.“This means the government’s stand on the prevailing fiscal policy is likely to be expansionary as the country’s economy is still negatively affected by the Covid-19 pandemic,” he told Bernama.During his tenure, Zafrul was also appointed as the National Recovery Plan (NRP) coordinating minister to monitor the implementation of strategies and assistance measures as well as taking proactive steps in dealing with the Covid-19-triggered health and economic crisis.He was also …