Suspension of PN17 classification a double-edged sword

Fortress Capital Asset Management chief executive officer Thomas Yong said the suspension of market measures, by definition, should be rare and infrequent as policy certainty is necessary for market participants to operate within known parameters.

PETALING JAYA: While the extension of time for Practice Note 17 (PN17) companies to submit their regularisation plans provides more breathing space amid the current pandemic, industry observers believe this relief measure can be a double-edged sword.

Fortress Capital Asset Management chief executive officer Thomas Yong said the suspension of market measures, by definition, should be rare and infrequent as policy certainty is necessary for market participants to operate within known parameters.