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=MALAYSIA PRESS: News Headlines On Wednesday, June 12

KUALA LUMPUR (Jun 12) -- Here’s a roundup of local news:

*Household Debt Easing But Risks Remain: Fitch

Malaysia’s household leverage is expected to continue moderating, which would support the banking system’s asset quality but pockets of risk remain, said Fitch Ratings. Although household debt risks are easing, the rating agency warned that pockets of vulnerability remain in banks’ exposures to lower-income households and personal loans. “The household sector accounts for roughly 58% of bank gross loans, about 37% of which is to lower-income borrowers (those earning up to RM5,000 a month). - The Sun Daily

*Malaysia’s Stock Market, Once Deemed World’s Worst, On The Rebound

After months of scrimping on public spending, the Pakatan Harapan government is showing signs of easing its purse strings and reviving large state projects as investors return to Malaysia. Bloomberg reported that foreign investors have been coming back, adding that the turnaround would be a boost to Prime Minister Mahathir Mohamad’s government, which saw over US$3 billion (RM12.4 billion) of foreign funds flow out of the market since last year. According to Bloomberg, the Malaysian stock market, which it had described as “the world’s worst major stock market” earlier this year, is on the rise again having drawn some US$84 million from foreign investors last week, the most since late January. - Bloomberg News

*Malaysia Welcomes Investments That Raise Skills, Wages

Malaysia will welcome any investments from abroad - especially from Japan - that will raise the skills and wages of Malaysian workers. Finance Minister Lim Guan Eng said such investments would improve the competitiveness of the Malaysian economy through the application of new technology. Lim said JOIN could be the bridge which connects Malaysian companies to other parts of the world through its global network and direct links to Japan’s largest corporations. - Bernama

- By Kuala Lumpur Newsroom; kleditorial@nikkeinewsrise.com; +60320267363
- Edited by Glen Nicol Perkinson
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