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Lockdowns in Malaysia 'will affect sentiment more than business'

Companies can still operate according to standard operating procedures, but markets likely to be volatile, say analysts

Weaker consumer spending is expected with spillover effects on service industries such as retail, restaurants and hotels. Consumer spending, however, will be supported by more online purchases and online financial services.

Kuala Lumpur

THE two-week partial lockdown that is now in effect in the Malaysian capital Kuala Lumpur, the administrative capital Putrajaya and the states of Sabah and Selangor is not likely to have a significant impact on the economy, according to analysts at MIDF Research.


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