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Budget 2019 fortifies Malaysia’s strong fundamentals. We applaud efforts to implement institutional reforms and instil greater fiscal discipline while promoting the development of new economic areas.
We welcome the various avenues for the private sector to be the driver of economic growth, by introducing innovative products that enable private investors to partake or contribute in the development of the nation, while allowing the government to manage the country’s finances.
We commend the Government’s commitment to co-invest with private equity and venture capital funds that focus on strategic sectors and new high growth areas for Malaysia. We stand ready to complement the Government’s initiatives by facilitating the next stage of growth of SMEs. A listing on Bursa Malaysia would provide these SMEs with global visibility and improved business performance through the rigor of being listed entities, both of which we feel are key ingredients to attract investors and create the next regional champions.
We also welcome the continued push to progress towards the target of having at least 30% women on the Board of Directors of PLCs on Bursa Malaysia by 2020. It’s not about meeting targets per se; we strongly believe that such diversity at the helm will help ensure more holistic strategies and result in more sustainable businesses.
All these efforts are vital to ensure Malaysia’s capital market and economy will continue to grow in a sustainable manner for shared prosperity for all.
