By bno – Surabaya Office Malaysia should regularly bolster its contingency funds to better handle significant economic shocks, as highlighted by the Malaysian Rating Corp Bhd (MARC) in a recent statement, The Edge Malaysia reported. The COVID-19 pandemic demonstrated the need for substantial ‘rainy day’ funds that can be used in times of crisis under specific conditions, MARC noted. The National Trust Fund of Malaysia (KWAN) held assets totaling $3.58bn (MYR15.56bn) after financing the purchase of COVID-19 vaccines in 2021. For 2024, the Malaysian government allocated MYR2bn for contingency sa…