The corporate reporting season for calender year 2010 was mostly upbeat as listed firms, especially the big boys, recorded solid earnings with shareholders duly rewarded, in some cases, with record dividends.
However, the outlook for the year ahead looks slightly uncertain for now, no thanks to the turmoil in West Asia where the fallout -- already evident in the escalating crude oil prices, now at US$113 per barrel -- is likely to dampen confidence and prospects for growth.
But still, there is something to shout about on the domestic front, taking into account that just two years ago, the global economy was bearing the brunt of the credit crisis and contracted by 1.7 per cent in 2009.
Malaysia’s corporate sector, which recovered strongly, undoubtedly reaped the benefits of the expanding economy where the gross domestic product (GDP) grew by a commendable 7.2 per cent in 2010 due mainly to the RM67 billion stimulus package and easing monetary stance which boosted business activities.
Read more: Firms turn in upbeat results, reward investors http://www.btimes.com.my/Current_News/BTIMES/articles/20110226142128/Article/index_html#ixzz1F7VqW7SS
However, the outlook for the year ahead looks slightly uncertain for now, no thanks to the turmoil in West Asia where the fallout -- already evident in the escalating crude oil prices, now at US$113 per barrel -- is likely to dampen confidence and prospects for growth.
But still, there is something to shout about on the domestic front, taking into account that just two years ago, the global economy was bearing the brunt of the credit crisis and contracted by 1.7 per cent in 2009.
Malaysia’s corporate sector, which recovered strongly, undoubtedly reaped the benefits of the expanding economy where the gross domestic product (GDP) grew by a commendable 7.2 per cent in 2010 due mainly to the RM67 billion stimulus package and easing monetary stance which boosted business activities.
Read more: Firms turn in upbeat results, reward investors http://www.btimes.com.my/Current_News/BTIMES/articles/20110226142128/Article/index_html#ixzz1F7VqW7SS
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