KUALA LUMPUR, June 24 — Maybank Kim Eng expects a ‘major decision’ in September with regards to FTSE Russell’s stance on Malaysia. In a note, Maybank Kim Eng said it has been about 15 months since FTSE Russell added Malaysia to its watch list in April 2019 and subsequently, while at the...
Wednesday, 24 Jun 2020 03:02 PM MYT
KUALA LUMPUR, June 24 — Maybank Kim Eng expects a ‘major decision’ in September with regards to FTSE Russell’s stance on Malaysia. “We think a major decision could come in September, and our base case is no exclusion,” it said, adding that in the event of an exclusion, the potential outflow risk is about US$5 billion-US$6 billion.
Meanwhile, the research house expects gross Malaysia Government Securities and Government Investment Issue forecast to reach about RM160 billion in 2020 from RM115.7 billion in 2019, following the announcement of government topping up its fiscal stimulus under a recovery programme on June 5.
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