Islamic Finance

Malaysia’s capital market to operate as normal amid COVID-19 movement control order - SC

Malaysia’s capital market will continue to operate as usual even as the country is under a movement control order to curb the spread of COVID-19, the regulator Securities Commission said on Tuesday (Mar 17).

Malaysia’s prime minister Muhyiddin Yassin on Monday announced a nationwide restriction order for Mar 18 to Mar 31 after the country saw new cases of COVID-19 spike by 190 on Sunday, taking the tally to 553 on Monday.

The measure includes closure of all non-essential shops and schools, a ban on Malaysians travelling overseas, and foreign tourists and visitors will not be allowed in.

The Securities Commission said all exchanges will continue to operate and that  it has in place business continuity measures including backup sites, recovery facilities, and alternative communications channels to identify, manage and mitigate potential and emerging risks.

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