MCRA: Govt’s plan to delete ‘PR’ in Malaysia’s citizenship laws will affect ‘red IC’ natives’ children the most, remove foundlings’ protectionSecurities Commission chairman Datuk Seri Dr Awang Adek Hussin said the fund management industry also contributed to the resilience of the local capital market, with total assets under management hitting a new high of RM975.5 billion. — Bernama picKUALA LUMPUR, March 25 — Malaysia’s capital market grew by 5.6 per cent last year to RM3.
“The FTSE Bursa Malaysia KLCI declined by 2.73 per cent during the year. Nonetheless, positive developments in our stock market in the first two months of 2024 have been most encouraging,” he said. Awang Adek also noted that the SC established an internal task force to focus on scams and unlicensed activities last year.
Awang Adek said the SC remains unwavering in its determination to strengthen the regulatory framework and uphold market integrity, not least because the commission continues to be measured against global regulatory standards. Meanwhile, in the report, the SC said the Malaysian economy is projected to remain on a steady growth trajectory in 2024, backed by firm domestic demand, primarily through continued expansion in private sector spending.