As political intrigue wipes RM43b from stock market, could an extended crisis hit economy? | Malay Mail

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As political intrigue wipes RM43b from stock market, could an extended crisis hit economy?

Tuesday, 25 Feb 2020 07:33 AM MYTRamon said Malaysia is in danger of going into recession unless the government comes up with satisfactory solutions to spur the economy. — Picture by Hari Anggara

Dr Mahathir was scheduled to announce a stimulus package this week to spur Malaysia’s economy, especially its tourism industry, which has been severely crippled due to travel restrictions placed on citizens from China after the global spread of Covid-19. “They are better off evaluating their own weaknesses and building up their strengths to build up the country than this. The people will feel betrayed by this,” added Ramon, who is director of the Asian Strategy and Leadership Institute and chairman of the Centre for Public Policy Studies.

“If the change in government happens, there will be the initial shock, the stock market may drop a little bit but we will see a rebound because it is back to the ‘good old days’,” he said.

 

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this is the results of low IQ, greedy politicians. enjoy while still can

For context, Corona virus started in first week of Jan 2020. Azmin's stunt to save Malaysia caused index to fall from 1,531 to 1,490. That is more impressive than what Corona virus did to Malaysia.

It's time to buy

dont talk shit we are prosperous in so many ways covid 19 catastrophic is not swamping us our job force not affected why harp on political factors

Yes, the NYSE, NASDAQ, LSE also affected...malaysia's political stability very crucial to the world

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GLC stocks take heat on possible political realignment at mid-morning | Malay MailKUALA LUMPUR, Feb 24 ― As news on the current political landscape became the talk of the town, shares of government-linked companies (GLCs) have declined sharply since the market opened this morning. As at 11.01am, Maybank led the loss, declining 15 sen to RM8.26, while Tenaga Nasional slid 20...
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