Malaysia’s capital city, Kuala Lumpur (KL) is the largest city in the country. Naturally, housing prices in this metropolis is the highest in the nation. Interestingly, though KL’s comprehensive infrastructure is just as good as, if not better than some of its counterparts in the Asian region, its housing price is comparatively low.

Bank Negara Malaysia’s monetary policy committee has cut the overnight policy rate (OPR) rate by 25 basis points to 1.75% as it expected the reduction to help speed the economic recovery.

Malaysia’s central bank cut its key interest rate by 50 basis points to 2 per cent on Tuesday (May 5), its lowest since 2009, to help the South-east Asian economy weather the impact of the coronavirus pandemic and a collapse in prices for its energy exports.

Prime Minister Muhyiddin Yassin has unveiled an RM35 billion stimulus package to help the economy recover from the impact of Covid-19 and the subsequent Movement Control Order since March 18, which saw the majority of businesses shut down for nearly three months under restrictions on public activities.