Chairman's Message |
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This has been a year when Bursa Malaysia has had to rise to great challenges. We are weathering a storm in financial markets, the like of which has not been experienced in several decades. For most of 2008, the global economy seemed to occupy centre stage, rather than either domestic or world events. Fuelled by poor risk management practices, low quality assets and a liquidity crunch, we saw several prominent investment banks collapse, while other banks required significant government-backed rescue packages to stay afloat. Not long after this news, economic data showed that recession had taken hold in much of the developed world.
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