Daily Market Report (8 July 2019)
- Talks of another rate cut by Bank Negara resurfaced again but does it really do the business? We doubt a rate cut would be effective in resuscitating the ailing domestic economy amid a dearth of economic activities.
- What we need now is a swift kickstart of mega infra projects plus a flow of foreign funds into the economy to reignite the confidence of investors. Of late, our status as an investment haven has been battered as our investment ranking within the Southeast Asia region has slipped down to lower ranks.