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.

The Star 6.6 DEAL: 35% OFF Digital Access

Monthly Plan

RM 13.90/month

RM 9.04/month

Billed as RM 9.04 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 8.02/month

Billed as RM 96.20 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Business News

Asia coal prices hit 2-year high on Indonesia export rules
Moody’s: South, Southeast Asia credit outlook stable despite US dollar strength
South Korea's KOSPI craters over 8% as Fed fears spark tech rout
Gold extends losses on US interest rate-hike fears
OCBC to offer physical gold trading, storage in Singapore
Indonesia's FX reserves slide to two-year low, sparking concern�
US allegations of forced labor refuted
Chipmakers drag South Korea, Taiwan stocks lower as investors unwind AI bets
Liftech to raise RM23mil from ACE Market IPO
Yuan brushes off dollar strength, trade data eyed

Others Also Read