Depth to the market

Article Abstract:

Regulatory authorities are implementing efforts to stabilize Malaysia's financial markets, which have been reaping benefits from the industrial boom but nevertheless remain vulnerable to non-performing loans dating from the 1985-86 recession. Minimum paid-up capital for most brokerages was pegged in 1990 at M$20 million, while local and foreign-incorporated banks have complied with worldwide capital adequacy guidelines. However, stability continues to be undermined by non-performing loans, overdependence on credit card activities, chronic labour shortage and shady financial dealings.

Management, Financial markets

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Anwar's answer

Article Abstract:

Malaysian Finance Minister Anwar Ibrahim has gained support by presenting a well-rounded anti-inflationary budget for 1993. Ibrahim, who received a lukewarm reception in his first year as Finance Minister, aims at controlling the price rise and public spending, while boosting national savings. However, the budget does not give an impetus to productivity, salaries and foreign investments. Anwar's budget, on the whole, aims at stabilizing the Malaysian economy.

Anwar, Ibrahim

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