April 1, 2006
2nd Quarter ‘06
It has indeed been an eventful first quarter, the overnight policy rate having been increased by Bank Negara Malaysia by 25 basis point (however fixed deposit rates have remained unchanged – no wonder the foreign banks love doing business in Malaysia), the retail price of both petrol and diesel having been increased by 30 sens and the introduction of the new National Automotive Policy and 9th Malaysian Plan.
A word of caution:- with the spread of the avian flu worldwide, it is best that you should ensure the ‘force majeure’ provision in your contract covers such an epidemic.
Articles: 2nd Quarter, 06 (right-click mouse to download)