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NewsPolicy reforms lift Malaysia's appeal: OSK
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Policy reforms lift Malaysia's appeal: OSK
by hlk Thu 07 Jul 2011, 14:40
KUALA LUMPUR: The economic policy reform proposed under the 2010 New Economic Model will greatly enhance Malaysia's appeal among foreign investors, says OSK Research.
However, the policy reform efforts would likely bring on some medium-term pain in 2012 arising from subsidy cuts, a minimum wage policy and increased competition, it said.
After six updates on the Economic Transformation Programme (ETP) which consisted largely of announcements of new projects, the Performance Management and Delivery Unit (Pemandu) took a different stance at its seventh update by announcing that it would implement policy reform measures in the form of six
Strategic Reform Initiatives (SRI).
"We believe this is a welcome change as some local investors are beginning to suffer from entry point project fatigue," OSK said in a research note today.
It remained "overweight" on the Malaysian market and expects foreign buying to drive the market towards its year-end KLCI target of 1,680 points. - Bernama
However, the policy reform efforts would likely bring on some medium-term pain in 2012 arising from subsidy cuts, a minimum wage policy and increased competition, it said.
After six updates on the Economic Transformation Programme (ETP) which consisted largely of announcements of new projects, the Performance Management and Delivery Unit (Pemandu) took a different stance at its seventh update by announcing that it would implement policy reform measures in the form of six
Strategic Reform Initiatives (SRI).
"We believe this is a welcome change as some local investors are beginning to suffer from entry point project fatigue," OSK said in a research note today.
It remained "overweight" on the Malaysian market and expects foreign buying to drive the market towards its year-end KLCI target of 1,680 points. - Bernama
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