THE year 2014 has been very challenging for the country as we grapple with the triple air tragedy of Malaysia Airlines Flights 17 and 370, and the latest AirAsia Flight QZ8501, which could have hit economic sentiments.
Next year will equally be tough, with the halving of crude oil prices which will also have a spillover effect on all sectors of the economy.
But not all will be gloomy as we look at some major economic and corporate highlights which are expected to unfold next year and which will hopefully shield us from the storm and lift up the spirits.
Goods and Services Tax
Despite what the naysayers said about the Goods and Services Tax, it will boost government revenue and give the country good ratings, which in turn will draw investors.
FBM KLCI
Next year, the benchmark FTSE Bursa Malaysia KLCI may continue its climb to 2,000 points from 1,700 at present, indicating investor confidence.
Mega bank
The merger of CIMB Group, RHB Capital Bhd and Malaysia Building Society Bhd to create the country’s largest bank and mega Islamic bank will consolidate Malaysia’s banking sector.
Malaysia Airlines
The restructuring of Malaysia Airlines will hopefully turn around the national carrier.
Oil and ringgit
Will the oil price slide and the weakening ringgit continue? Soft oil prices and ringgit will bolster companies such as AirAsia and MAS. With cheaper jet fuel, it could mean cheaper airfares.
A weak ringgit could bolster exports and boost tourism.
Electricity tariffs could stay at current levels if coal and gas prices remain stable, thus helping to boost consumer spending.
Due to weak oil and crude palm oil prices, investors could get the best deals on Bursa Malaysia.
Cars
Expect a slew of new car model launches as the automotive companies jostle for market position.
Property firms
Will SP Setia Bhd, Island & Peninsular Group and Sime Darby Properties merge?