ASEAN KEY DESTINATIONS
Investors confident on Malaysia
Confidence level in Malaysia remains as 65 per cent of investors surveyed believed that the country’s economic performance is on track to meet forecast, it said quoting the findings of its quarterly Investment Dashboard Survey.
Compared to North Asian countries, Malaysian investors are more upbeat about the economic performance in the second half of 2010, said Mark Wang, Chief Investment Officer of ING Insurance Bhd.
"The investment landscape got another boost recently with Fitch Ratings affirming Malaysia’s long-term foreign currency issuer default rating at ‘A-’ with a stable outlook," he said in a statement released here today.
The ING Investor Dashboard survey measures and tracks investor sentiment and behaviour of mass affluent investors each quarter from 12 Asia Pacific markets namely China, Hong Kong, India, Indonesia, Korea, Malaysia, the Philippines, Singapore, Taiwan, Thailand, Japan and Australia.
According to the survey, overall investor sentiments in the region remained moderately optimistic despite the fall of the European markets in early May. Philippines and Indonesia show the largest improvement in sentiment and Australia has the sharpest decline in this wave and has shifted from ''optimistic'' to ''neutral'' zone.
China and Hong Kong also declined considerably in this wave, leaving both markets to lag behind Pan-Asia Index.
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