Plantation shares feel sting

Article Abstract:

Plantation stocks, the top performers in Malaysia's weakened stock market in 1998, may suffer from the nuclear tests conducted by India and Pakistan. However, numerous analysts deem any sell-off as an opportunity to buy. Pakistan, possessing fewer than $1.5 bil in foreign reserves, faces more immediate urgency to diminish imports than India does. However, most analysts anticipate the plantation industry to continue as the pick in spite of any aftermath from Pakistan and India.

Securities, Plantations

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Agency to buy bad loans

Article Abstract:

The Malaysian government said it will create an agency to acquire nonperforming loans, emphasizing fears about the effect of bad loans on Malaysian banks. Analysts deem the move may accelerate the country's economic rebound. According to Deputy Prime Minister Datuk Seri Anwar Ibrahim, the move is required to guarantee that banks do not suffer much while dealing with nonperforming loans to lend to worthy borrowers.

Banking Institutions, Depository Credit Intermediation, DEPOSITORY INSTITUTIONS, Banking industry, Economic aspects, Banks (Finance), Economic policy

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