PETALING JAYA: Amid fiscal constraints, the Malaysian bond market is poised for growth with higher development expenditure that will support government issuances as investors search for better yields in emerging markets, including Malaysia.
RAM Ratings senior economist Woon Khai Jhek (pic below) told StarBiz that given its size and expansionary nature, Budget 2021 is conducive for the growth of the bond market.
Despite the fiscal constraints, he said the government has prioritised fiscal stimulus measures to shore up the economy given the fragility of the near-term outlook.
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