Malaysia to attract more foreign inflows as rich baby boomers pass on wealth worth US$1.9T - SC

KUALA LUMPUR: Malaysia is set to draw more foreign inflows as Asia's largest intergenerational wealth transfer is on the cards, said Securities Commission Malaysia (SC) chairman Datuk Seri Awang Adek Hussin.

He said that according to HSBC Bank, Asia's wealthy baby boomers are expected to pass on about US$1.9 trillion of wealth to future generations in the coming years.