Tan Sri Rashid runs into hurdles

Article Abstract:

RHB Group, the financial conglomerate run by Malaysian banker Tan Sri Rashid, may not be able to push through with its expansion plans because of problems that have to do with failing investment in Indonesia's PT Bank Niaga. The deepening Southeast Asian financial crisis is also partly to blame for RHB's problems as the worsening earnings debacles of companies squeeze credit further. Meanwhile, Tan Sri Rashid's capability to expedite deals through his connections may suffer as his brokerage house releases bad reports on Malaysian companies affected by the Asian financial crisis.

Banking Institutions, Depository Credit Intermediation, DEPOSITORY INSTITUTIONS, Banking industry, Foreign operations, Financial services industry, Financial services, Banks (Finance), Investments, Currency devaluation, Devaluation (Currency), Rashid, Tan Sri, RHB Group

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Anwar vows to defer projects and suspend privatization

Article Abstract:

Finance Minister Datuk Seri Anwar intensifies his efforts to improve Malaysia's current-account deficit by disapproving large infrastructure projects and delaying the country's privatization program. Anwar also vowed to reduce the government's current spending and efficiently address Malaysia's financial setbacks. These measures, together with plans to increase oil production in the country, are strongly supported by investors and analysts.

Economic Programs, Administration of Economic Programs, Economic policy, Privatization, Privatization (Business), Anwar, Datuk Seri

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Central Bank predicts a soft landing for Malaysia, with growth easing to 8.3%

Article Abstract:

Bank Negara, Malaysia's central bank, has reported that the country will grow by around 8.3% in 1996, which is consistent with the strong growth trends that have been achieved since 1987. Furthermore, the manufacturing and construction industries are forecasted to continue to expand in double-digit terms. Such rapid economic gains, however, are not without their disadvantages. One of these is the growing current-account deficit.

Reports, Economic development

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