Choy says that for the bond industry and market to advance, there is a need to promote competitiveness, and simultaneously expand and strengthen collaborations with other nations.Malaysia’s dominance in the Asean bond market is under threat as Indonesia’s progress gains momentum, according to MARC Ratings Bhd chief economist Dr Ray Choy.
“Nonetheless, Indonesia’s bond market has progressed faster than those of other Asean markets in recent years, and its market size could even exceed Malaysia’s within the next three years based on current trends,” he toldThis prompts important questions about attracting foreign investors to Malaysia’s bond market and promoting their active involvement.
He mentioned that in order for the industry and market to advance, there’s a need to promote competitiveness, and simultaneously expand and strengthen collaborations with other nations, including the exchange of both tangible and knowledge-based technologies. He stressed the importance of adopting a comprehensive approach to prevent the development of overly biased perspectives favouring any particular stakeholder group.