are associated with an ability to pay.
             In line with the rest of the Asian region, Malaysia has been adversely affected by the regional economic and financial crisis. Daredevil Investment Trust Corporation anticipated the crisis in Malaysia and accordingly, did not incur heavy losses on its lending to Malaysia. This is in sharp contrast to the last five years in Malaysia when real GDP growth expanded some 8.7% on average between 1993 and 1997. Over the last two years the economy has witnessed a sudden and sharp contraction. For three successive quarters real GDP growth has contracted by 2.8%, 6.8% and 8.6% respectively, bringing the decline so far to 6.1%
             The recession has also been reflected in the financial markets, with the local currency depreciating by around 35% in the last 18 months and the stockmarket index falling by around 62% in the same period. Moreover, with a significant proportion of bank loans being advanced to purchase property (just under 30%) and shares (just under 10%),
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