Foreign funds flowing back to Malaysia despite political headwinds

A photo taken on Oct 23, 2019, shows a view of the city skyline in Kuala Lumpur.
A photo taken on Oct 23, 2019, shows a view of the city skyline in Kuala Lumpur.PHOTO: REUTERS

KUALA LUMPUR - Despite growing political uncertainty, foreign funds are flowing back to Malaysia after fleeing in 2018, when an unprecedented change of government panicked investors.

A whopping net take-up of RM20 billion (S$6.6 billion) of bonds in 2019 far outweighed the RM11 billion in foreign money that left the stock market, which some analysts are heralding as a positive sign of market reforms under the Pakatan Harapan (PH) administration.

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