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Malaysians put investments on hold as general election draws nearer

Malaysia

Malaysians put investments on hold as general election draws nearer

Bloomberg Published on Tue, Mar 20, 2018 / 8:43 AM GMT+8

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Mar 20): As the deadline for the Malaysian general election draws closer, don’t expect the local stock market to get more interest from investors who have been sitting on the sidelines.

Speculation about the timing of the election ramped up when the Star newspaper reported on March 15 that Prime Minister Najib Razak could dissolve parliament by end-March, paving the way for a poll that must be held within 60 days. The 14th general election must be held by August. The benchmark FTSE Bursa Malaysia KLCI Index has been trading range-bound since February.