Positive response to ringgit-for-ringgit incentive plan


INVESTMENT fund managers have responded positively to the news that the government, as part of a drive to attract more foreign fund managers to the KLSE, may match overseas funds invested in the local market with an equivalent amount for them to manage.  

They said such a move would be a good catalyst for foreign funds to return now that Malaysia was becoming more frequently featured on the investment horizons of their fund managers in Asia.  

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