Kuala Lumpur, March 24 - The United Kingdom will continue to face uncertainties once Article 50 is invoked, but opportunities lie ahead for foreign property investors.
It is reported that the Prime Minister Theresa May will trigger Article 50 next week.
“The pound fell to a 31-year against the American dollar since the EU Referendum, and took yet another beating when the UK Parliament passed the bill for Brexit this week. Comparatively, the fall of the pound is more drastic compared to the ringgit. House prices have taken a dip, particularly in London, and the combination of the two factors presents a good buying opportunity for Malaysian and other foreign investors looking to invest in UK property,” says CSI Properties (Cornerstone International) spokesperson Virata Thaivasigamony.
Malaysian Investors Association lauds the timely circular issued by Bursa Malaysia to alert capital market players against the many nefarious schemes by syndicates to pump and dump selected counters in order to reap huge profits at the expense of herd instinctive individual investors.
These syndicates planned well in advance to nibble and accumulate shares of targeted counters at low entry level prices. They then generated interest to give an appearance of active trading to lend credence to their tips and good news regarding the selected counters. Once the baits are swallowed, they exit the market leaving tailgating investors to huge financial losses.
Kuala Lumpur, March 14 - The ASEAN Capital Markets Forum (ACMF) yesterday endorsed key initiatives to be implemented in 2017 under the ACMF Action Plan 2016-2020 that aims to create investment and business opportunities through greater connectivity, inclusiveness and resilience of capital markets within ASEAN.
One of the key initiatives being endorsed at the ACMF’s 26th meeting yesterday, hosted by the Securities Commission Malaysia in Kuala Lumpur, is the cooperation between ACMF and the International Capital Market Association (ICMA) to introduce ASEAN green bond standards that will be applied across capital markets in ASEAN.