With the reimposition of the movement control order (MCO 2.0) in Malaysia which impacts the economy – though less severe compared to MCO 1.0 – we may be witnessing the beginning of a housing loans crisis in the making. This near-apocalyptic scenario may not sound palatable for banking stocks and could well be just hypothetical.
The 2018 euphoria of the #MalaysiaBaru movement that followed the historic win of the new Alliance of Hope (Pakatan Harapan) coalition in the 14th general election (GE14) in Malaysia, have since died down.
Malaysia’s two biggest pension funds, which manage a combined 203 billion dollars, plan to pursue talks to buy stakes in foreign-owned insurers in the country as the government enforces caps on overseas ownership, people with knowledge of the matter said.Employees Provident Fund and Kumpulan Wang Persaraan (Diperbadankan), known as KWAP, have requested central bank approval to start deal negotiations with potential targets, according to the people.
Malaysia's former leader Mahathir Mohamad said Monday an inquiry into losses by the central bank in the 1990s was a "vindictive" attempt to target him and deflect attention from a scandal embroiling the current government.Mahathir, who is seeking to oust scandal-plagued Prime Minister Najib Razak, was giving evidence at the inquiry into alleged multi-billion-dollar losses incurred by Bank Negara Malaysia through foreign exchange trading during his time in power.The government-a
The ASEAN (Association of Southeast Nations) market – which combines Thailand, Cambodia, Myanmar, Malaysia, Indonesia, Lao, Vietnam, the Philippines, Singapore and Brunei – is one of the world’s fastest growing markets that is going through rapid urbanisation over recent years.
Malaysia’s central bank is in a sweet spot.
In 2017, the Southeast Asian region has recorded a combined population of over 640 million people - approximately 8.5 percent of the world’s population - as ASEAN (the Association of Southeast Asian Nations) turns 50 years old. According to a World Bank report, ASEAN is currently the world’s third largest market ahead of Japan, USA and the EU (European Union).
