KUALA LUMPUR – Bursa Malaysia Berhad together with Maybank on October 14 held the 19th instalment of Invest Malaysia Kuala Lumpur 2021 (IMKL 2021). Themed “Rebuilding A Sustainable Economy”, this year’s IMKL focused on economic reform and explored the Government’s various strategic roadmaps toward building a more resilient, future-proof Malaysia.
Some of the topics covered included the 12th Malaysia Plan, the GLICs Mandate Recharge, and trade and investment. Through these capital market conversations, regulators, analysts, policy and decision makers, industry professionals as well as investors were able to gain greater appreciation and understanding of the holistic reform plans aimed at generating growth opportunities in the economy and capital market in Malaysia.
YAB Dato’ Ismail Sabri Yaakob, the Prime Minister of Malaysia who officiated the event, said that Malaysia is ready to get back on track as a regional and international investment hub. In this regard, the Prime Minister shared that the government has identified key strategies to escalate economic recovery and enhance the country’s competitive landscape for investors.
The Prime Minister also shared how Malaysia plans to be carbon neutral by as early as 2050. In line with the growing commitments by companies to reduce their carbon emissions, Bursa Malaysia is working closely with government ministries to launch a voluntary carbon market.
In a special address titled ‘Investing in Resilience’, YB Dato’ Seri Mohamed Azmin Ali, Senior Minister and Minister of International Trade & Industry Malaysia spoke about the progress made by the various industries and SMEs, including MITI’s efforts in strengthening trade and investment policies, and how MITI is actively participating in regional and global agreements to boost trade.
Minister of Finance, YB Senator Tengku Datuk Seri Utama Zafrul Tengku Abdul Aziz gave a special address during Invest Malaysia 2021 about the pathway to recovery that will continue in Budget 2022, which will be expansionary while laying the foundations for the government’s wider and longer-term reform efforts.
Additionally, the Finance Minister announced that the Government would be embarking on a PLC Transformation (PLCT) programme for public listed companies, which would complement the recently announced Perkukuh Pelaburan Rakyat (PERKUKUH) programme for GLICs.
The PLCT programme, which would be spearheaded by Bursa Malaysia, aims to transform Malaysian corporates into high-performing entities by focusing on five pillars: for PLCs to be Performance Driven; to grow as Sustainable, Socially Responsible and Ethical organisations; embody Strengthened Corporate Governance; be Digitally Enabled; and contribute towards overall Nation Building imperatives.
YB Dato’ Sri Mustapa Mohamed, Minister in the Prime Minister’s Department (Economy) spoke about how the 12th Malaysia Plan is designed to revitalise growth, strengthen enablers, improve social security, eradicate hardcore poverty, and narrow income gaps.
The Minister also touched on how to future-proof the country through digitalisation of the economy, including the development of local talent and technology during the discussion, which was moderated by Tan Sri Abdul Wahid Omar, Chairman of Bursa Malaysia.
The programme also included a special panel session titled “Refreshed Mandate, Recharged Capabilities” which was moderated by Datuk Muhamad Umar Swift, CEO of Bursa Malaysia. The panel addressed the need to strengthen GLICs’ governance in line with ESG aspirations while discussing investment opportunities, concerns faced by international investors, and expected benefits for economic growth and private investors.
“Now is the time for collective co-operation across and beyond the financial and capital market ecosystem, which is central to the prospect of achieving a post-pandemic sustainable recovery, equitable economic growth, and shared prosperity amongst citizens,” said Datuk Muhamad Umar Swift.
Members of the public and other interested investors can view the recordings of all the sessions from Invest Malaysia Kuala Lumpur 2021 starting from today by 5.00 pm here.
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