News Formal

Zafrul: Worst is over for Malaysian capital market

  • 📰 staronline
  • ⏱ Reading Time:
  • 33 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 17%
  • Publisher: 75%

Business News News

Business Business Latest News,Business Business Headlines

KUALA LUMPUR: The worst is over for the Malaysian capital market, which has been spooked by the country’s potential disqualification from an important global bond index, according to CIMB Group Holdings Bhd group chief executive officer Tengku Datuk Seri Zafrul Aziz.

Annual report: CIMB Group Holdings Bhd chairman Datuk Mohd Nasir Ahmad and Zafrul at the banking group’s AGM yesterday.

“The recent selloff in our markets was a result of investors’ knee-jerk reaction, as they turned more cautious on the news of the potential exclusion from the index. However, our bond market performance year-to-date is still positive. “Malaysia, currently assigned a ‘2’ and included in the WGBI since 2004, is being considered for a potential downgrade to ‘1’, which would render Malaysia ineligible for inclusion in the WGBI,” said FTSE Russell in a statement.

“We maintain our forecast for the economic growth to be around 4.5% to 4.7% and we are also looking at the ringgit to strengthen to RM4.10 per US dollar by year-end,” he said.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

R u sure or speculation ! The facts.

Ok 30 million Malaysian invest based on his advice ... And if you lose money .... class suit on zafrul and CIMBMalaysia nazrazak

Ok 30 million Malaysian invest based on his advice ... And if you lose money .... class suit on zafrul

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 4. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

ECRL resumption boosts confidence of Malaysian market, Chinese envoy says | Malay MailKUALA LUMPUR, April 18 — The resumption of the East Coast Rail Link (ECRL) project will boost Chinese investors’ confidence and trust in the Malaysian market. Chinese Ambassador to Malaysia Bai Tian said the project, which is expected to resume construction as soon as next month, will aid in... Malaysians are so thrilled too. Hope they will be around to contribute to another round of saving Malaysia charity funds not because of NajibRazak but pakatanharapan_ recklessness. It will be a thrill for China n sad for most ordinary msian. We msian will lose even more job. China companies never ever trusted msian staffs to carry out the work. How I wish I can China companies back to their own country
Source: malaymail - 🏆 1. / 86 Read more »