Nov
09

Najib Growth Push Stymied by Malaysian Banks Cautious on Loans

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  • Economists forecast third-quarter GDP growth unchanged at 4%
  • Government spending curtailed by the slump in commodity prices

Malaysian banks turning cautious on lending are adding to Prime Minister Najib Razak’s woes as economic growth falters.

A sell-off in the ringgit and added volatility in global stocks after Donald Trump’s victory in the U.S. presidential elections give Malaysian banks no incentive to step up appetite for risk. Loan growth will likely weaken to at least a 12-year low in 2016, according to projections by AmInvestment Bank Bhd. and RHB Research Institute Sdn. and data compiled by Bloomberg…

Najib Growth Push Stymied by Malaysian Banks Cautious on Loans

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