WHILE the Malaysian market sentiment is buoyed by the new administration, former Prime Minister Datuk Seri Najib Tun Razak urged the Government not to rest on its laurels.
“This is the time for us to uplift investors and the financial markets’ confidence in Malaysia by embarking on economic reforms and effective measures to contain COVID-19.
“Come up with convincing and reasonable measures. Let’s the prove to the world that we will not fail again,” he said, in a Facebook post.
Since the new administration took charge, Bursa Malaysia has been on an upward trend and breached 1,600 points yesterday, the best performance so far.
The ringgit also strengthened from RM4.24 to RM4.15 against the greenback. However, investors are still cautious as Prime Minister Datuk Seri Ismail Sabri Yaakob retained all of the old faces in the new Cabinet line-up.
On that note, Najib said that foreign inflow has increased in the last few days, after recording high outflow trend for months.
“And this is based on facts and figures, not mere coincidence,” the Pekan MP remarked. – Aug 31, 2021.
