Malaysia Picks CIMB CEO Zafrul as New Finance Minister

The video discusses Malaysia's economic challenges amid COVID-19 and declining oil prices. It highlights the appointment of a new finance minister, Zafrul Aziz, a technocrat with a banking background, to instill market confidence. The video explores the fiscal and monetary policy responses needed to address the economic impact, including a fiscal stimulus package and potential central bank actions. The challenges of generating tax revenue due to the abolition of GST are also discussed.

Who was appointed as the new finance minister of Malaysia?

• Zafrul Aziz

• Mahathir Mohamad

• Najib Razak

• Anwar Ibrahim

What is one of the major economic challenges Malaysia is facing?

• Rising oil prices

• Decline in oil prices

• Increase in tourism

• Surplus in budget

What was the estimated oil price in Malaysia's budget?

• $75 per barrel

• $62 per barrel

• $45 per barrel

• $30 per barrel

What fiscal measure was announced by the former Prime Minister to support businesses affected by the virus?

• 20 billion ringgit fiscal stimulus

• Increase in interest rates

• Reduction in oil exports

• Tax increase

What action has the central bank already taken in response to the economic challenges?

• Reduced government spending

• Introduced new taxes

• Cut interest rates

• Increased interest rates