Like it or not, assets must be sold to manage this debt. This strategy has been made public by Prime Minister Tun Dr Mahathir Mohamad in April. But timing isn’t exactly on Malaysia’s side.
A United Nations briefing last month on world economic prospects puts it thus: “Persistent uncertainty surrounding trade actions has induced heightened investor risk aversion and financial market volatility. In many countries, there are signs that the deterioration in business confidence has started to dent investment growth.”
The dark days are already reflected in the financial results of our funds. The Employees Provident Fund, announcing its first quarter results for 2019 ending March in May, reported a lower investment income: RM9.66 billion. The fund had a better result a year earlier for the corresponding quarter: RM12.88 billion.
There is, however, one good news: the fund’s NWA clocked 11.0 per cent return per annum over the last 10 years.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
NST Leader: Not by ballot aloneNSTleader: We think having local government elections isn’t the only way to ensure good governance. Even if other democratic countries have them. Elections cost money. Big money, in fact.
Source: NST_Online - 🏆 17. / 53 Read more »
Senior cops to attend NST-NIE workshopJOHOR BARU: For the first time, 90 senior police officers from Johor will be participating in the New Straits Times' (NST) Newspaper-in-Education (NIE) workshop at the GBW Hotel (formerly known as Grand Blue Wave Hotel) this Oct 24.
Source: NST_Online - 🏆 17. / 53 Read more »
Hong Kong leader says no plan to use emergency powers for other laws
Source: malaysiakini - 🏆 20. / 51 Read more »
Govt should be dominated by Malays for stability, says PAS leaderThe party's deputy president says this has been going on for 60 years. FMTNews Yah and what happened? Blatant corruption and the rape 9f the simole Malays by Group of elitist perpetuated by you know who.
Source: fmtoday - 🏆 5. / 72 Read more »
PKR leader clarifies he did not call for ban on any type of schoolGEORGE TOWN: Permatang Pauh PKR deputy head Dr Afif Bahardin has clarified that he did not call for a ban on religious or vernacular schools, as repor...
Source: theSundaily - 🏆 25. / 51 Read more »
Maszlee: UM student leader should meet with uni's VC to air grievancesKUALA LUMPUR: Universiti Malaya (UM) student union vice-president Yap Wen Qing should meet Datuk Dr Abdul Rahim Hashim to share any dissatisfaction he has with him, says Dr Maszlee Malik. Why aren’t u butting in? Oh, tiada maruah. 😂😂😂😂😂😂😂
Source: staronline - 🏆 4. / 75 Read more »