The Borneo Post

Capital market to remain resilient in 2023 — SC

LUMPUR: The Malaysian capital market is expected to remain resilient in 2023, orderly, and in line with the domestic economy, the Securities Commission (SC) said.

In its Annual Report 2022, released yesterday, the SC said Malaysian economic growth is projected to continue in 2023, albeit at a more modest pace, reflecting an increasingly challenging global environment and the normalisation of domestic demand.

“However, it will continue to be influenced by key global developments, with volatility expected to be driven by the rate of global monetary policy tightening and geopolitical developments.

“Nevertheless, conditions in the domestic capital market are expected to remain orderly, and continue to support the economy, underpinned by strong macroeconomic fundamentals and supportive capital market infrastructure,” it said.

The SC said the downside risks to growth remain given external uncertainties, while the pace of economic recovery will likely continue to be uneven across sectors.

It said global economic growth is expected to slow further in 2023, subject to considerable uncertainties.

“Aside from ongoing concerns related to the pandemic, especially in China, the interplay between geopolitical fragmentation, elevated inflationary pressure, and the pace of monetary policy normalisation in major economies will be key determinants of the pace of global economic activities.

“The developments in the global capital market are expected to be in tandem with this economic outlook,” it added. — Bernama

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2023-03-28T07:00:00.0000000Z

2023-03-28T07:00:00.0000000Z

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