Stay clear of Malaysia, US fund manager tells investors

TodayOnline | .

Malaysia’s faltering economy, hit by claims of “rife corruption” at the government level, is a sign that foreign investors should steer clear, a financial adviser says today (Jan 16).

In an article on the website of Nasdaq, the electronic US stock exchange, Peter Kohli said previous positive news regarding the Malaysian economy had been affected by allegations of corruption at the government level.“Malaysia’s economy is not firing on all cylinders,” he said, noting news reports in November that industrial output had slipped.

“There have been many high hopes after the last few years with regard to Malaysia being a top investment destination, but in my opinion, it has never really lived up to expectations.

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