How Does Brexit affect Malaysians?

By Lim Kim-Hwa

August 2016 FEATURE
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With the sterling falling and Malaysia’s direct investments in the UK rising, what does Britain’s vote to leave the EU potentially mean for us?The UK defied expectations from opinion polls and bookmakers, and voted to leave the European Union (EU). Apart from the inevitable plunge of the British pound and the drop in appetite for risk assets, we highlight the economic implications of this event for Penang and Malaysia in four areas.First, the UK economy is likely to head into...

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Lim Kim-Hwa

is Chief Executive Officer of Penang Institute