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Package “impressive and impactful”

MAYBANK Investment Bank head of equity research Vincent Khoo describes the RM60 billion stimulus package announced today as “impressive”, saying that the measures announced under the package would have an impact on several areas.

In an interview with BFM 89.9, Khoo says banks would benefit indirectly because the expected increase in non-performing loans would be retarded. Additionally, he says the property and auto sectors would benefit.

“Consumers will also have more disposable income,” he notes.

Khoo, however, expressed concern that the 7.6% fiscal deficit would affect Malaysia’s sovereign rating negatively.

BFM 89.9 is a 24-hour radio station focusing on business news and topics.

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