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Tag: malaysia

Malaysian Property Firm Bullish About Poll Results

Malaysian property developer SP Setia’s chief executive expects a shakeup in the country’s politics to deal a blow to government cronies and help his company to double profit.

“I think it’s very good for us. For any company that’s open and transparent it will be very good. If you are a crony and depend on handouts you’re going to suffer,” Chief Executive Liew Kee Sin said in the most outspoken comments by a business leader since the ruling coalition’s March 8 election debacle.

“If you’re not dependent on the government to feed you things, I think you will do much better now than before.”

The election result prompted sweeping changes to the cabinet of Prime Minister Abdullah Ahmad Badawi and some big policy changes have already been signalled, including reforms to the judiciary and a review of Malaysia’s murky system of subsidies.

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Malaysia “best Place” To Invest

According to one expert, Malaysia offers overseas property buyers the best investment opportunities in the South-East Asian property market. Marsha Lu, who is the head of the legal, diligence and compliance department at Property Frontiers, claimed that while Malaysia has not been as popular as Thailand in the past, the latter has experienced political instability recently. Arguing that Malaysia is presently “the best place to invest”, Ms Lu said that the country has recovered well from the Far East financial crisis in the 1990s, compared with many other states in the region.

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