PETALING JAYA: Foreign investors are adopting a “wait-and-see” attitude before buying into Malaysian bonds after a massive sell-off amounting to RM3.6bil in July.
Analysts, however, are upbeat that foreign investors would increase their holdings on the nation’s bonds when a clearer picture of the political situation emerges and a plus point would be a stronger economy in the fourth quarter.
As for now, all eyes will be on the new Prime Minister Datuk Seri Ismail Sabri Yaakob’s policies and the necessary economic reforms he undertakes, as well as how the Covid-19 situation is handled amid the rising cases. Ismail Sabri was sworn in as the ninth Prime Minister on Saturday.
...