BUSINESS › NEWS
Malaysia To Continue Attracting FDIs, Says Citibank
Malaysia's conducive political environment within the Asean region, coupled with an improved economic outlook in the United States and Europe this year, will also support the country's FDI inflow, he said.
Last year, Malaysia attracted RM38.774 billion in FDI, the highest in the country's history.
"We remain optimistic over Malaysia's FDI, supported by the economic growth of the US and Europe, and with the export capabilities of the country," he told at a media briefing to announce Citibank's outlook on FDI opportunities in Malaysia in 2014, here Wednesday.
Following export recovery, the Ringgit is also expected to strengthen against the US dollar and Euro in the second half of 2014, Sanjeev said.
Meanwhile, Chief Investment Strategist for Wealth Management, Haren Shah said that overall, the bank remained bullish on global equities with positive returns expected for all regions.
"For the full year, we see more upside with the best seen for the United Kingdom, Japan and Asian markets," he added.
On equities, Haren said the developed markets would remain strong but Citibank's preference, at least for the first half, would be Europe and Japan.
"As for bonds, even though we are underweight from a portfolio asset allocation perspective, our preference is for high yield bonds as they tend to hold up better in rising yield environments," he added.
news coverage in our Newswire service.
Previous Top Stories
Other News Headlines
- Muhyiddin Wants Youth To Paint Kajang Blue- politic
- Destini Acquires Samudra Oil For RM80 Million- business
- Desailly Among Six Shortlisted As Harimau Malaya Head Coach- sports
- CAN YOU DEPEND ON YOUR CHILDREN IN YOUR GOLDEN YEARS?- features
- Opposition Party Wants South African Govt To Clarify Row With Rwanda- world
Most Read News
Pertubuhan Berita Nasional Malaysia,
Wisma BERNAMA,No 28, Jalan 1/65A,
Off Jalan Tun Razak, 50400 Kuala Lumpur, Malaysia.
Tel : 603-2693 9933 ( General Line )
E-mel : firstname.lastname@example.org
This material may not be published, broadcast, rewritten or redistributed in any form except with the prior written permission of BERNAMA.
Best viewed in Firefox 8.0 & Internet Explorer 8.0 with 1024 x 768 resolution