SINGAPORE (Reuters) - Malaysia's central bank said on Monday that banks incorporated in the Southeast Asian nation faced limited financial stability ...
STORY CONTINUES BELOW THESE SALTWIRE VIDEOSSINGAPORE - Malaysia's central bank said on Monday that banks incorporated in the Southeast Asian nation faced limited financial stability risk arising from exposure to China's largest property developer, Country Garden.
On Monday, the Chinese firm said its $100-billion project in Malaysia was proceeding as planned and it had sufficient assets, despite concerns over its financial strength. "The current development with Country Garden Holdings Ltd in China is not expected to pose any material impact on the overall property market activity and prices in Malaysia," it said.
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