Optimism is growing on the prospects of Malaysia's investment climate improving following the liberalisation measures announced by the government, the latest ING Investment Dashboard Survey showed.
According to the quarterly survey, investors agreed that the actions taken by the Datuk Seri Najib Razak administration, along with rallying financial markets, had boosted sentiment in the country from "pessimistic" (60 points) to "optimistic" (122 points).
The second-quarter survey was conducted from April to May.
"The first 100 days of the country's new leadership has seen some strong measures being put in place to revive the flagging economic situation. The rise in investors' confidence shows that they are responding positively to the enhanced focus on performance," ING Funds Bhd CEO Datuk Steve Ong said in a statement.
"The recent market rally was based on the belief that the market has now stabilised and is at the early recovery stage. We believe the market's recuperative stance together with improved market confidence will support the prospects for a positive growth into the final quarter and 2010," Ong said.
The positive outlook continued when it came to investors' personal financial and household situation. Around 30% of respondents said their personal financial situation had improved in the last quarter.
Following the strong performance in the financial markets in 2Q 2009, an increasing number of Asian investors had indicated that their return on investment had increased, with investors from China, India, Taiwan, Hong Kong and Singapore indicating the highest increases for the quarter.
For the second half of the year, 62% of Asian investors (ex-Japan) were expecting their return on investment to improve further. The survey also indicated that Asian investors (ex-Japan) were optimistic that the stock market would continue its good run in the third quarter, with only 25% expecting the markets to fall.
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