Bank Negara had said it had positive engagements with FTSE following further liberalisation of the foreign exchange administration (FEA) rules to improve market liquidity and accessibility. While these measures have helped to sustain Malaysia’s position in the WGBI for now, FTSE retained Malaysia on the watch list to ensure sufficient progress of reforms.
PETALING JAYA: Stock market indices provider FTSE Russell retained Malaysian bonds on its FTSE World Government Bond Index (WGBI) watch list with the next review due in March next year.
As for now, Malaysia would remain in its WGBI with 0.4% weight of the index. A downgrade of Malaysia’s bonds would have excluded them from the WGBI.
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