To contain the strong capital outflow and depreciating of Ringgit, MOF had finally taken some actions.
"KUALA LUMPUR (Jan 6): Malaysia's finance ministry has asked government-linked companies (GLCs) and statutory bodies to temporarily halt purchases of foreign assets, in response to falling commodity prices and in a bid to contain capital outflows. The ministry confirmed that a circular signed by the treasury's secretary-general on Dec. 26 was a move to boost domestic consumption. In an email response to Reuters, the ministry said that the entities were "requested to give priority to domestic investment activity and postpone or put on hold, purchase of assets or investment abroad" "
On the other hand....
10 Feb 2015
"KUALA LUMPUR: To generate more consistent returns in the long term, the Employees Provident Fund (EPF) is looking to increase its overseas exposure to 26% of the fund’s total investment assets within the next three years, according to chief executive officer Datuk Shahril Ridza Ridzuan. “At 23% [present], we plan to move [it up] to 26% over the next three years. So we are looking at adding on about 1% every year,” he told a briefing on the EPF’s 2014 investment results yesterday. The growth in foreign assets, added Shahril, will come from fixed income, equities and real estate."
*Click on the news headlines for full story
(Source: Financial Daily The Edge)
Doubt if GLCs are taking the orders seriously.
Simply wish to say your article is as surprising. The clearness in your post is just great
ReplyDeleteand i could assume you're an expert on this subject.
Well with your permission allow me to grab your RSS feed to keep updated
with forthcoming post. Thanks a million and please keep up the
enjoyable work.
Also visit my webpage ribbon printronix p7000 cartridge