Stock market fastest way to stimulate economy

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LETTER | Twenty-five years ago, we were one of the largest trading stock markets in the world.

| There seems to be a relentless stream of critical commentary on Pakatan Harapan since it assumed the reins of government nearly a year ago. The overarching narrative is one that sees a steep slide in public confidence in Harapan's governance.

Twenty-five years ago, we were one of the largest trading stock markets in the world. During our heyday, our brokers were flushed with money, our economy was prosperous and growing. Our capital market back then was awash with hot money and it fuelled the speculations of the common people's dreams. Those golden days are no more.

How hard things have fallen. I see great companies trading at a depressive value. And there is no light at the end of the tunnel. I see people giving up on the stock market; there isn't any gold mine to dream of. After many years, the journey has been lonely and only some of us survived, scraping by each day. Not exactly a great sight.

I wish to suggest to the Harapan government to instruct the officers from Bursa Malaysia and the Securities Commission to wake up and start working. Listen to your direct customers. Year after year, the investment community is not growing but shrinking.

 

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