KUALA LUMPUR: Concerns over the Greek debt issue, which has been weighing on Asian stock markets, including Bursa Malaysia, will accelerate the Government's efforts to stimulate the local economy.
AmInvestment Bank head of equity capital markets Yong Saiyeen expects the Government to announce more construction projects from July onwards.
"Since the global economy is now showing signs of weakness, and if that is the reality central banks of major economies will launch their second and third phases of quantitative easing.
"As for emerging market central banks like Malaysia, they will just focus on the fiscal stimulus, since there are quite a lot of infrastructure projects that have yet to be completed," he said.
He told a press conference this after the launch of Ikhmas Jaya Group Bhd's initial public offering (IPO) prospectus here today
AmInvestment Bank is the principal adviser, underwriter and placement agent for the IPO. - Bernama
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