Markets optimistic about new government

(May 14): While an unprecedented change in government after 61 years under the same alliance has left many feeling jittery, any initial sell-off on the local bourse as the market opens today is expected to be cushioned by optimism over the prospects of the Malaysian economy under a new administration led by the seventh Prime Minister Tun Dr Mahathir Mohamad.

In fact, the Employees Provident Fund (EPF) yesterday expressed optimism about the long-term prospects of the Malaysian economy under the new government.

“The EPF anticipates that any potential short-term market dips would provide opportunities for further investments in the domestic markets,” the retirement savings fund said in a statement.

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