The domestic bond market in Malaysia grew substantially between 1999 and 2001 but has slowed down in the first half of the year. RAM's executive director Suresh Menon and senior structured finance analyst Suet Ming Siew explain reasons for the dip in growth and why they expect the second half to be much better.
How have the Malaysian bond markets been so far this year
Suresh Menon - Just to put it in context, I think during the crisis it became widely recognized that the banking system could not serve the financing needs of the country, and because of that the bond markets grew substantially in 1999, 2000 and 2001. The equity market basically...