Lahad Datu intrusion will not affect investor interest


SINGAPORE: The Lahad Datu intrusion by a armed group from the southern Philippines, will not affect investor interest in Malaysia or the Philippines, says an economist.

Dr Shane Oliver, head of investment strategy and chief economist of AMP Capital, said the intrusion had not changed his perception of Malaysia, especially when the relevant authorities were doing their best to resolve the matter.

“It looks more like a distraction rather than anything else,” he told Bernama.

Oliver was responding to a question on whether the intrusion by the armed group would turn away investors from Malaysia.

Prime Minister Datuk Seri Najib Tun Razak had also given an assurance on the establishment of a special security area in Sabah to safeguard the sovereignty and security of the state's east coast. Bernama

Article type: metered
User Type: anonymous web
User Status:
Campaign ID: 1
Cxense type: free
User access status: 0
Subscribe now to our Premium Plan for an ad-free and unlimited reading experience!

Business , Business , economy , lahad datu , amp capital

   

Next In Business News

Hong Seng acquires 51% stake in Innov8tif for RM30.8mil
Proton commerce hit new record volume of loan disbursements in 2022
Ringgit ends lower versus greenback on external pressure
Bursa Malaysia targets 39 IPO listings in 2023 with RM10bil market capitalisation
Pavilion REIT 4Q net profit surges to RM216.4mil
Nova MSC collaborates with Theta on marketing and promotion of healthcare solutions
Cypark unaware of reason for UMA
Pasukhas wins RM21mil contract in Johor
LCT braces for challenging outlook
Boustead Plantations directors resign to pursue other interests

Others Also Read