Survey: Malaysia threatened by financial instability

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ringgit marketThe Malaysian Association of Chartered Certified Accountants (ACCA) and the Institute of Management Accountants (IMA) in their quarterly member survey said that dark clouds could be on the horizon for the country due to a substantial tightening in the supply of growth capital, fewer investment opportunities, and, most importantly, a year-long increase in price and exchange rate volatility.

While the survey found that business confidence and economic sentiment improved by 21 per cent, up from 13 per cent in the previous quarter, 51 per cent of respondents reported a loss of confidence in their own organisations.

“Although the headline findings show a positive picture amongst Malaysian businesses, the increase in optimism and dynamism has taken place against the odds and may not survive long,” says ACCA head of Malaysia, Jennifer Lopez.

“A closer look at what finance professionals in Malaysia are telling us shows a substantial tightening in the supply of growth capital, fewer investment opportunities, and most importantly a year-long increase in price and exchange rate volatility.”

ACCA senior economic analyst Emmanouil Schizas added: “As with other markets, economic recovery is a delicate period. While there are a lot of positive signs in what the finance professionals working inside Malaysia’s businesses are telling us, how they perceive the economy and their own organisations’ prospects over the course of 2014 will be a strong indication of whether recovery can be sustained.”

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Reading Time: 1 minute

The Malaysian Association of Chartered Certified Accountants (ACCA) and the Institute of Management Accountants (IMA) in their quarterly member survey said that dark clouds could be on the horizon for the country due to a substantial tightening in the supply of growth capital, fewer investment opportunities, and, most importantly, a year-long increase in price and exchange rate volatility.

Reading Time: 1 minute

ringgit marketThe Malaysian Association of Chartered Certified Accountants (ACCA) and the Institute of Management Accountants (IMA) in their quarterly member survey said that dark clouds could be on the horizon for the country due to a substantial tightening in the supply of growth capital, fewer investment opportunities, and, most importantly, a year-long increase in price and exchange rate volatility.

While the survey found that business confidence and economic sentiment improved by 21 per cent, up from 13 per cent in the previous quarter, 51 per cent of respondents reported a loss of confidence in their own organisations.

“Although the headline findings show a positive picture amongst Malaysian businesses, the increase in optimism and dynamism has taken place against the odds and may not survive long,” says ACCA head of Malaysia, Jennifer Lopez.

“A closer look at what finance professionals in Malaysia are telling us shows a substantial tightening in the supply of growth capital, fewer investment opportunities, and most importantly a year-long increase in price and exchange rate volatility.”

ACCA senior economic analyst Emmanouil Schizas added: “As with other markets, economic recovery is a delicate period. While there are a lot of positive signs in what the finance professionals working inside Malaysia’s businesses are telling us, how they perceive the economy and their own organisations’ prospects over the course of 2014 will be a strong indication of whether recovery can be sustained.”

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