Survey: Malaysia threatened by financial instability

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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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. 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...

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.”



Support ASEAN news

Investvine has been a consistent voice in ASEAN news for more than a decade. From breaking news to exclusive interviews with key ASEAN leaders, we have brought you factual and engaging reports – the stories that matter, free of charge.

Like many news organisations, we are striving to survive in an age of reduced advertising and biased journalism. Our mission is to rise above today’s challenges and chart tomorrow’s world with clear, dependable reporting.

Support us now with a donation of your choosing. Your contribution will help us shine a light on important ASEAN stories, reach more people and lift the manifold voices of this dynamic, influential region.

$
Personal Info

Donation Total: $10.00

 

 

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