King's decision not to declare emergency a major relief to market - CGS-CIMB

The Yang di-Pertuan Agong Sultan Abdullah Sultan Ahmad Shah’s decision not to declare an emergency is a major relief to the market, CGS-CIMB said.

In a research note today, the stockbroking firm said an emergency declaration would shake consumers, businesses and investors’ confidence in the country, leading to lower growth prospects for the country and corporates...