Malaysia sets plan to lure funds, open its capital markets

Article Abstract:

Malaysia has developed a new program aimed at attracting more fund managers to domestic investment opportunities. The program will include a wide range of incentives, market liberalization and several regulatory initiatives. The incentives include access to government-run savings programs for fund managers who take 30% stakes at local investment units. In addition, the government intends to raise the maximum limit foreign companies can invest in the stock market from 10% to 15%.

Administration of General Economic Programs, Foreign Investment Regulations, Foreign investments, Laws, regulations and rules, Malaysia, Foreign investment laws

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Berjaya unit seeks to void big derivatives transaction

Article Abstract:

Malaysia's Berjaya Group Bhd. has initiated action action against derivative deals that only lead to losses. In particular, the firm sought to negate the deal between Credit Suisse and a branch of a Malaysian bank that was approved by two Berjaya executives without proper clearance. The derivative transaction, if it pushed through, would cost the company some $14 million in losses. Regardless of the outcome, observers do not expect that the stock of the company would suffer.

Investment Offices, Investment Companies, Open-End Investment Funds, Usage, Financial services industry, Financial services, Derivatives (Financial instruments), Berjaya Group Bhd.

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Smaller currency markets could yield big returns

Article Abstract:

Analysts agree that the currency market is the preferable investment option in view of the current uncertainty in Asia's financial markets. Conservative investors are choosing their home currency or one of the major reserve currencies for cash holdings. For investors willing to assume more risk, the New Zealand dollar could be an appropriate choice. Analysts expect it to appreciate by as much as 6% annually against the US dollar.

Economic aspects, Reports, Foreign exchange market, Dollar (New Zealand)

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