Worse to come in Malaysia dollar debt
Market sentiment affected by political noise around 1MDB, trade pressure, current account and fiscal position
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Singapore
MALAYSIAN company dollar bonds are Asia's poorest performing this year and investors say that worse is to come.
Notes from the oil-exporting nation are the only of the 16 Asian countries tracked by JPMorgan Chase & Co to decline this year, losing 1.57 per cent. Companies in the index include Petroliam Nasional Bhd, the state-owned energy company, and 1Malaysia Development Bhd, a government-backed investment firm that's been forced to dismantle amid surging debts.
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