More stringent: A file picture showing two people passing by the Bank Negara building in Kuala Lumpur. In 2015 and last year, there was more money coming into Malaysia than going out which was probably due to the ringgit weakening since mid-2014 and Bank Negara being more stringent in allowing the outflow of Malaysian funds.
MEMORANDA of understanding (MOUs) – non-binding agreements – have not lost their charm and are making a comeback to the corporate world.
For the longest time, MoUs had been forgotten. They hardly made any impact on corporate movements and Bursa Malaysia. But of late, they seem to have made an impact, as stocks have been moving up and down based on expectations that MoUs involving significant deals would be signed.
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