Signs of Recovery?

Malaysia Central Bank has left the key interest rates unchanged at 2.0% and emphasized that the present monetary policy measures were sufficient to provide support to the domestic demand, despite exports are widely expected to contract drastically in both first and second quarter of this year.

With the status quo unchecked, it could well suggest that Malaysia's economy and business prospects may well recover in the second half of 2009.

That likely explains why the local stock market has had a rally of 19% within the past one and a half months. Investors are clearly anticipating the worst is over and a major recovery will take place.