Yields on govt bonds worldwide tumble amid banking crisis as risk of recession grows

Bursa also lower, tracking Wall Street as American banking industry comes under scrutiny

They note local banking system highly regulated, asset quality risks well contained

90 new ones worth RM10 mil being processed, says its president

This comes as company asked to pay from RM35 bil to RM40 bil this year

National oil company also records all-time-high revenue of RM375.3 billion

Finance Minister Jeremy Hunt assures no govt money was involved, all customer deposits have been safeguarded

Malaysia has opportunity to become high-income nation due to strategic location, he says

Govt confident of achieving 80% coverage by this year, says deputy minister

Crisis complicates Fed’s plans to further hike interest rates as it struggles to rein in inflation

However, temporary blip in US financial, capital markets may pose some indirect impacts, he says

Figure higher than 4.1% announced for 2021

Focus will be on high-tech, high value-added sectors, such as smart manufacturing, AI, digitalisation