“A resumption of construction work for the East Coast Rail Link, Light Rail Transit 3 and other mega projects should pull productivity growth back up, starting from the third quarter this year,’’ said Pong Teng Siew, head of research, Inter-Pacific Securities.
KUALA LUMPUR: Net inflow into the country stood at RM479.6 million as of Jan 24, surpassing last week's total net inflow of RM471.3mil while foreign institutional funds turned net buyers pumping in RM293mil versus RM417mil recorded the previous week, say economists.
These positive developments suggest that values have emerged among Malaysian stocks at a time when interest rate hikes have tapered down in the United States, said Bank Islam chief economist Dr Mohd Afzanizam Abdul Rashid.
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