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NEWS UPDATES 10 January 2010

Malaysia expects robust growth for bond, equity markets

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Malaysia’s equity and bond markets, which showed encouraging performance last year, are expected to see robust growth in 2010, state news agency Bernama reported.

Their strength was in line with economic growth not only locally but also globally, Minister in the Prime Minister’s Department Tan Sri Nor Mohamed Yakcop said.

“Although there are some views that there could be a possible double dip, the main view is that 2010 is going to be a good year for the world, particularly countries around Malaysia,” he said.

He said that last year, securities issuance had increased, with the biggest funds totalling 11.2 billion ringgit (1$=3.4 ringgit) being raised through the relisting of Maxis Bhd.

In fact, several international firms had been approved for listing in Malaysia, he added.


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