Malaysia remains favoured investment destination among investors
21 Jul 2021
Malaysia remains as a favoured investment destination among investors and foreign nationals, with the global perspective focusing on the vaccination rollout and the increased immunisation level in the country.
Crisis Comm analyst Peter Nicoll said there was better movement in the Malaysian market earlier this week but much focus was on the US market as well as adjustments in various ministers’ portfolios.
“But this was before we saw the Fitch Ratings, affirming Malaysia’s long-term foreign currency Issuer Default Rating at BBB+, with a stable outlook, which is the positive thing investors and foreigners are looking at,” he said on the Mid-Day Update series produced by Bernama TV today.
However, he said, political instability remained a real concern among investors.
“We expect to see some positive results from the National Recovery Plan (NRP) in the next few weeks, also with some relaxation expected to be announced for those who have completed both doses of vaccination, which would encourage those who have yet to get their vaccination to do so.
“Based on this, what we can say is Malaysia is right on track (to achieve herd immunity),” he added.
On the other hand, Nicoll said, the pessimism among the people is to be expected as it has been a really long period that people have to deal with various regulations and the new normal.
“Malaysia is still very much in the management phase of the pandemic and we are not moving into the recovery phase just yet although we could see clear guidelines on how we can move into that recovery stage through the NRP,” he said.