ID :
70703
Thu, 07/16/2009 - 16:42
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Shortlink :
https://oananews.org//node/70703
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MAJORITY OF MALAYSIAN INVESTORS UPBEAT ABOUT LIBERALISATION
KUALA LUMPUR, July 16 (Bernama) -- Many Malaysian investors expect the
liberalisation of the foreign investment sector to have a positive impact on the
economy, the ING Investor Dashboard's quarterly survey has found.
In the survey, a majority or 65 percent of the respondents indicated their
positive view of liberalisation.
More than half or 56 percent of the investors also expect a positive impact
on the Malaysian economy from the RM60 billion stimulus package announced in the
first quarter this year.
ING Funds Bhd chief executive officer, Steve Ong, said the first 100 days
under the country's new leadership has seen some strong measures being put into
place to revive the flagging economic situation.
"The rise in investors' confidence show that they are responding positively
to the enhanced focus on performance," he said in a statement here Wednesday.
The survey revealed that various measures taken by the country leaders in
quarter two this year, along with rallying financial markets, have boosted
investor sentiment in the country.
It said investor sentiment rose to 103 percent from the "pessimistic"
category to the "optimistic category".
"Malaysia's investors remain cautious due to global economic uncertainties
which have significantly impacted our export dependent industries," Ong said.
"However, we feel that the worst of the market conditions have already been
digested, and expect gradual market recovery in Q3 2009 and into 2010," he
said.
He said the recent market rally was based on the belief that the
markets have now stabilised and is at early recovery stage.
"We believe the market's recuperative stance together with improved market
confidence will support the prospects for a positive growth into the final
quarter and 2010," Ong said.
According to the survey, across Asia, China and India continue to steer the
improvement in the region, with recent performance of the financial markets and
the confidence that the markets will continue to rally as key driving factors.
-- BERNAMA
liberalisation of the foreign investment sector to have a positive impact on the
economy, the ING Investor Dashboard's quarterly survey has found.
In the survey, a majority or 65 percent of the respondents indicated their
positive view of liberalisation.
More than half or 56 percent of the investors also expect a positive impact
on the Malaysian economy from the RM60 billion stimulus package announced in the
first quarter this year.
ING Funds Bhd chief executive officer, Steve Ong, said the first 100 days
under the country's new leadership has seen some strong measures being put into
place to revive the flagging economic situation.
"The rise in investors' confidence show that they are responding positively
to the enhanced focus on performance," he said in a statement here Wednesday.
The survey revealed that various measures taken by the country leaders in
quarter two this year, along with rallying financial markets, have boosted
investor sentiment in the country.
It said investor sentiment rose to 103 percent from the "pessimistic"
category to the "optimistic category".
"Malaysia's investors remain cautious due to global economic uncertainties
which have significantly impacted our export dependent industries," Ong said.
"However, we feel that the worst of the market conditions have already been
digested, and expect gradual market recovery in Q3 2009 and into 2010," he
said.
He said the recent market rally was based on the belief that the
markets have now stabilised and is at early recovery stage.
"We believe the market's recuperative stance together with improved market
confidence will support the prospects for a positive growth into the final
quarter and 2010," Ong said.
According to the survey, across Asia, China and India continue to steer the
improvement in the region, with recent performance of the financial markets and
the confidence that the markets will continue to rally as key driving factors.
-- BERNAMA
