MALAYSIAN bonds will still be in high demand as credit investors take great comfort in the prudence of the financial system, according to Mi-chael Dee, the managing director and chief executive officer and head of Morgan Stanley's Singapore office.
During the Asian crisis, Malay-sian bonds never went below investment grades as Malaysia never took any money from the International Monetary Fund, Dee said. Malaysia opted for a non-conventional action in its policy which helped maintain the value of its currency and ultimately isolating itself from the volatile currency moves, thus al-lowing it to begin to reform the eco-nomy. Malaysia and Bank Negara, in particular, have been very responsible in their policy for a long time.