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Malaysia’s local players encouraged to grow banking business |
AS MALAYSIA’S FINANCIAL sector continues to recover from the 1997-98 economic crisis, investment banking is playing a more prominent role and, unusually for an emerging market, it is largely local investment banks that are at the forefront.
True, the biggest deals from Malaysia are still led by the the global players, since jumbo international deals require the international distribution that only they can provide. Nevertheless, the domestic market has been transformed.
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