A challenging time, but not a crisis

THERE has been mayhem in the Malaysian stock market. The FTSE Bursa Malaysia KL Composite Index (FBM KLCI) is down 8% to 1,716 points on a year-to-date (YTD) basis, making it one of the worst performers in the Asia-Pacific region.

The biggest concern creating the panic selling has been the collapse in oil prices and its implication on Malaysia’s ability to meet its fiscal targets.