WORTHY NOTES TO PONDER WHEN INVESTING IN MALAYSIA-#laliasia.finance
#laliasia.finance
Malaysia’s economy has long been dominated by state-run companies like power producer Tenaga Nasional Bhd. and lender Malayan Banking Bhd., and the top 17 government-linked companies accounted for about a quarter of the nation’s stock market capitalization as of July 28, according to government data
Najib’s brother, CIMB Group chairman Nazir Razak, wrote on Instagram on Jan.2016- 30 that the future for Malaysia “terrifies him,” likening the current environment to the HBO
Malaysia is a conduit for trade between Europe and Asian economic powers like Japan and China. Bigger in area than all but four U.S. states, Malaysia is a net oil and gas exporter and the world’s second-largest producer of palm oil.
In 2015, foreign investors sold a net $7.4 billion of Malaysia stocks and bonds and the ringgit fell 19 percent. Outflows spurred in part by the rout in oil and China’s slowdown led Najib to announce in September he’d tap state funds for as much as 20 billion ringgit to bolster government-linked share
Wong Wing Keong, who owns an information security services company in Malaysia, said the streets lack a festive Chinese New Year atmosphere as citizens fret over the falling ringgit and political squabbling.
“If you go back a decade ago, emerging markets were a favorite place to invest in, but now there are issues with commodities and governance,” he said. “It probably doesn’t change anything in Malaysia, but it does in a sort of way change the view of others towards Malaysia. It is something you need to be wary of. ” #lali asia.finance.
Malaysia’s economy has long been dominated by state-run companies like power producer Tenaga Nasional Bhd. and lender Malayan Banking Bhd., and the top 17 government-linked companies accounted for about a quarter of the nation’s stock market capitalization as of July 28, according to government data
Najib’s brother, CIMB Group chairman Nazir Razak, wrote on Instagram on Jan.2016- 30 that the future for Malaysia “terrifies him,” likening the current environment to the HBO
Malaysia is a conduit for trade between Europe and Asian economic powers like Japan and China. Bigger in area than all but four U.S. states, Malaysia is a net oil and gas exporter and the world’s second-largest producer of palm oil.
In 2015, foreign investors sold a net $7.4 billion of Malaysia stocks and bonds and the ringgit fell 19 percent. Outflows spurred in part by the rout in oil and China’s slowdown led Najib to announce in September he’d tap state funds for as much as 20 billion ringgit to bolster government-linked share
Wong Wing Keong, who owns an information security services company in Malaysia, said the streets lack a festive Chinese New Year atmosphere as citizens fret over the falling ringgit and political squabbling.
“If you go back a decade ago, emerging markets were a favorite place to invest in, but now there are issues with commodities and governance,” he said. “It probably doesn’t change anything in Malaysia, but it does in a sort of way change the view of others towards Malaysia. It is something you need to be wary of. ” #lali asia.finance.
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