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.

What challenges does Malaysia face due to the decline in oil prices?

How might the new finance minister address the revenue gap in Malaysia's budget?