Conference addresses 1,200 investors on the nation’s recalibration and new growth story
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Kuala Lumpur, 9 October 2018: The new Malaysian Government’s inaugural investor Conference themed Malaysia: A New Dawn (“the Conference”) was attended by over 1,200 institutional investors from 10 countries namely Malaysia, Brunei, Hong Kong, India, Indonesia, Japan, Singapore, Thailand, United Kingdom and the United States. The Conference conveyed the Government’s medium to long-term objectives on recalibrating the country and setting it on a new growth trajectory.
Hosted by the Ministry of Finance in partnership with Malaysia’s leading banking groups, CIMB Group Holdings Berhad (CIMB Group), Malayan Banking Berhad (Maybank), and RHB Banking Group (RHB), the one-day Conference featured a keynote address by Malaysia’s Prime Minister Tun Dr Mahathir Mohamad, as well as speeches by Finance Minister Lim Guan Eng, and Bank Negara Malaysia Governor Datuk Nor Shamsiah Mohd Yunus.
Watch Tun Dr Mahathir Mohamad’s Speech
Members of Parliament who were also present as speakers or panellists were Gobind Singh Deo, Minister of Communications and Multimedia; Datuk Darell Leiking, Minister of International Trade and Industry; Yeo Bee Yin, Minister of Energy, Technology and Science; Baru Bian, Minister of Works; Zuraida Kamaruddin, Minister of Housing and Local Government and Sim Tze Tzin, Deputy Minister of Agriculture & Agro-based Industry.
Other personalities who made up the conference’s eminent list of speakers and panellists include Datuk Shahril Ridza Ridzuan, MD of Khazanah Nasional Berhad, Richard Record from the World Bank and Tan Kim Eng from Standard & Poor’s.
Crouching Tiger, Hidden Dividends
Lim Guan Eng, representing the Ministry of Finance as host of the Conference, said, “The major structural shifts to strengthen Malaysia bode well for the country’s political, social and economic resilience. In fact, with an expected GDP growth of around 5% in 2018, driven by domestic and external demand, Malaysia remains among the growing economies in the world today. We are confident that with fiscal consolidation and responsible management of our finances, Malaysia will be on a stronger and more sustainable growth path. Given our natural resources, strong professional workforce and highly sophisticated capital markets, the time to invest in Malaysia is now. I am excited for what the new Malaysia’s continuing growth story holds for her people, as well as for current and future investors.”
Discussions at the Conference were focused on Malaysia’s expected upward growth trajectory, as well as commitment to fiscal responsibility and institutional reforms. All these could further strengthen Malaysia’s standing as a preferred capital market, and its global leadership in Islamic finance. While headline risks posed by the US-China trade war and regional geopolitical tensions were also recognised during panel sessions, there was broad consensus that Malaysia was on the right recalibration track towards stronger and more sustainable growth.
New Malaysia: Forging Ahead Together
The last session of the conference featured panelists who discussed ideas on the way forward. Independent Non-Executive Chairman & Director of AirAsia X, Tan Sri Datin Paduka Rafidah Aziz, together with the Political Secretary to the Ministry of Finance YB Tony Pua, Vice President of the People’s Justice Party (PKR) YB Nik Nazmi Ahmad and Chairman, Policy & Strategy Bureau of Parti Pribumi Bersatu Malaysia Datuk Dr Rais Hussin Mohamed Ariff were the speakers on stage.
Watch Tan Sri Rafidah’s Brutally Honest Speech