Investment analysts told to get their facts right

  • 📰 malaysiakini
  • ⏱ Reading Time:
  • 20 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 51%

United States News News

United States United States Latest News,United States United States Headlines

Deputy Minister Ong Kian Ming says it's good that analysts realise their mistakes, but prefers UBS Singapore's clarification to have come earlier.

Market and investment analysts need to make sure that their facts are accurate before making any statements on serious issues like the state of a country's economy, said Deputy International Trade and Industry Minister Ong Kian Ming.live interview on April 11, where UBS Global Wealth Management regional chief investment officer Kelvin Tay claimed that Malaysia had a current account deficit.

Conceding that the widely reported gloomy assessment on Malaysia's economy by Tay contained errors, Swiss banking giant UBS clarified that Tay was actually referring to the Malaysian government’s projected “fiscal deficit” of 3.4 per cent and not “current account deficit”. "He used the term ‘oil’ to loosely to refer to sectors that are closely correlated to oil price movements.

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:

 /  🏆 20. in US
 

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

How about the PH government be truthful on facts? 1 trillion debt? Haha

both govts we had kept insisting that our economy is yielding surpluses and reflects growth annually. if that is the case why are people still getting laid off en masse and businesses keep closing down? i am beginning to see graduates busking on the streets for food as well.

United States United States Latest News, United States United States Headlines

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

Singapore's finance minister Heng named deputy PMUPDATED 5.09PM | Speculations have been rife that he will be the next prime minister.
Source: malaysiakini - 🏆 20. / 51 Read more »