On May 10, 2018, Malaysians, and the rest of the world at large woke to the dawn of a new country. The 14th General Election (GE14) was an unexpected development for many Malaysians, but one that will inevitably provide many new opportunities which Malaysians and the world will stand to benefit from.
There is no question that this resurgence of economic focus will be felt across the financial markets.
The Malaysian banking system is resilient; fuel subsidies have been reinstated (which could offset potential budgetary gains from rising oil and commodity prices); the goods and services tax (GST) has been scrapped and will change to sales & service tax (SST) in September 2018; there is a renewed focus on global trade; the projected forecast reflects continued financial growth.
Many business opportunities lie ahead, specifically in the following sectors: