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KL move on GLCs' foreign asset buys: low chances of success

Narrower investment options, reduced returns for stakeholders the likely consequence

Published Thu, Jan 8, 2015 · 09:50 PM

Kuala Lumpur

AMID a deteriorating ringgit, Malaysia's move to halt government-linked companies (GLCs) and statutory bodies from buying overseas assets to stem the outflow of funds is expected to yield limited success but could result in reduced returns for shareholders as investment options narrow.

A tre…

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