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Standard Chartered survey: Taiwanese companies pick Malaysia as top three most promising growth market | Malaysia

Standard Chartered survey: Taiwanese companies pick Malaysia as top three most promising growth market | Malaysia
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Millennials tighten grip on finances

AROUND 74% of Malaysian millennials are having difficulties in managing their finances since the outbreak of Covid-19, according to Standard Chartered’s latest global survey.The survey said millennials are 107% more likely to feel they have no control over bank balances compared to those over the age of 45, while 23% reported an increase in borrowings in the last month, compared to 15% of those aged 45 and above.Despite this, the survey revealed that millennials are also most likely to actively pursue long-term financial goals with 34% savings for a new car or home, compared to 20% of those above 45 years old.

Malaysia favoured expansion destination for Asean

Bright outlook: The Petronas Twin Towers dot the Kuala Lumpur skyline. In a survey conducted by StanChart, Malaysia is named as one of the countries offering the best growth prospects in Asean over the next 12 months. PETALING JAYA: Malaysia is a favoured expansion destination for Asean companies looking for growth opportunities in the region, according to Standard Chartered’s (StanChart) latest survey. In its “Borderless Business: Intra-Asean Corridor” report, it noted that 49% of survey respondents had selected Malaysia as one of the countries offering the best expansion opportunities in Asean over the next 12 months. The report also cited automotive, healthcare and digital services as key growth sectors for Malaysia.

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