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KL bond bankers twiddling thumbs as firms shelve plans

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Published Wed, Nov 11, 2015 · 09:50 PM

    Singapore

    MALAYSIAN bond bankers haven't had this little to do in five years as companies shelve investment plans because of a depressed ringgit.

    Companies in South-east Asia's third-biggest economy had sold RM44.6 billion (S$14.6 billion) of notes by the end of September, the least since 2010, according to data from Bank Negara Malaysia. Imports of investment goods shrank 26.4 percent through August, the most since 2009, a trend that Barclays Plc does not see reversing soon.

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