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6 stocks to bet on the new Malaysia government
By Dr Wealth  •  December 1, 2022
As Malaysia’s most recent election comes to a close, the market is showing increased confidence. The Ringgit has increased since Anwar became Malaysia’s 10th prime minister, coupled with better-than-expected inflation data for October and the strongest spike in Malaysian stock prices in more than two years. Is it time to examine the Malaysian market in light of these current events? Here are several stocks you can bet with on the new Malaysian Government in place. Top agenda for the ruling Government Alright, but first, we need to grasp the general direction of the new Government. Many issues will be addressed, including rising living costs, corruption enforcement, and bureaucratic reforms. All of this would be made explicit in the impending 2023 state budget, which the previous Government passed prior to calling a general election with the goal of currying favour for its own party. This US$80 billion budget, the second largest in the country’s history, seeks to reduce the...
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By Dr Wealth
Dr Wealth provides trusted financial education to individuals. We teach researched and actionable investment methods so that our graduates are successful in their investment journey and achieve market-beating returns.
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