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Health Ministry To Announce Looser Covid-19 SoP

MYR

Spot USD/MYR stabilises and last deals at MYR4.3560, little changed on the day. Should the bullish impetus return, topside focus would turn to May 18, 2020 high of MYR4.3725. On the flip side, a key layer of support has been defined at MYR4.2490, the high print of Nov 26, 2021.

  • Plantation Industries and Commodities Minister Zuraida said that Malaysia is ready to supply the global palm oil market following a partial export ban by top producer Indonesia, with production expected to pick up after the re-opening of borders allows the hiring of foreign workers.
  • Local media reported that the Health Ministry was preparing to announce a further relaxation of Covid-19 standard operating procedure today. The decision needs to be cleared by the Cabinet before formal announcement.

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