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PETALING JAYA: Fund managers and analysts continue to be positive on Malaysia despite the World Bank cutting its gross domestic product (GDP) growth forecast for 2018 to 4.9% from 5.4% on the back of slowing export growth and lower public investment.
THIS week has not been great for stocks. The Dow Jones and S&P 500 have had six consecutive days of straight declines with big plunges on Wednesday and Thursday.
MALAYSIA: A New Dawn 2018 was the title of the star-studded gathering of corporate Malaysia, bankers, fund managers and analysts who came from near and far and filled-up the conference rooms to the brim, especially when our Prime Minister and the Minister of Finance took stage in the first two sessions of the day.
JUST last month, both my sons quit their jobs from very good companies that they were working with since they graduated. Both of them were planning to work in fin tech and financial startups. Even though I felt that they should acquire a few more years of working experience, I had to consent to their request.
LANGKAWI: The government is in the midst of renegotiating the operating agreement with Malaysia Airports Holdings Bhd (MAHB) to include the private sector’s participation in airport expansion projects in the country.
KUALA LUMPUR: Selling pressure on key Asian markets continued on Thursday, spurred by the overnight tumble on Wall Street, while at Bursa Malaysia, the FBM KLCI fell more than 3%.
SYDNEY: Asian share markets sank on Thursday after Wall Street suffered its worst drubbing in eight months, a conflagration of wealth that could threaten business confidence and investment across the globe.