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Senator Dato’ Sri Abdul Wahid Omar, Minister in the Prime Minister’s Department, this week led high level dialogues with over 80 fund managers, all with Emerging Market and Asia mandates, representing a total Assets Under Management of USD 15 trillion, in Hong Kong and Singapore on the growth and competitiveness of Malaysia’s marketplace.
In the lead up to the 12th Installment of Bursa Malaysia’s Annual capital market platform, Bursa Malaysia partnered with Maybank Kim Eng to engage stakeholders regarding the growth and competitiveness of Malaysia’s marketplace in Hong Kong and Singapore on the 1st and 2nd February respectively.
Datuk Seri Tajuddin Atan, Chief Executive Officer of Bursa Malaysia, said, “Invest Malaysia is a global platform where investors have the opportunity to engage in candid conversations directly with Malaysian policy makers and capital market drivers to gain deeper insights and understanding of the latest developments within the Malaysian economy and capital market.
Themed, Malaysia: Sustainable at the Core, Senator Dato’ Sri Abdul Wahid took the opportunity provided by this Conversation Series, to share the principles and measures the government has taken as outlined in the recently announced Malaysia Budget 2016 Recalibration by the Honourable Prime Minister of Malaysia, to ensure the Malaysian economy remains on a sustainable growth trajectory. Among other perspectives, Senator Dato’ Sri Wahid shared that ‘the government is focused on continuously improving the country’s fundamentals and diversification of our economy and export markets’.
Apart from the recalibration of the budget during the 21 one-on-one meetings with Senator Dato’ Sri Wahid, two other topics of interest revolved around Malaysia’s position and strategy in the face of increasing global competition vis-à-vis the Trans Pacific Partnership Agreement (“TPPA”) and China’s One Belt, One Road policy.”
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Meeting with the Fund Managers At the head of the table on the right of the photo, from left to right: Ong Li Lee, Director- Securities Market, Bursa Malaysia, Senator Dato’ Sri Abdul Wahid Omar, Minister in the Prime Minister’s Department, Economic Planning Unit, Dato’ Seri Ranjit Ajit Singh, Executive Chairman of Securities Commission Malaysia, John Chong, Chief Executive Officer of Maybank Kim Eng Group & Maybank Investment Bank |
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From Left to right: Ong Li Lee, Director- Securities Market, Bursa Malaysia, Senator Dato’ Sri Abdul Wahid Omar, Minister in the Prime Minister’s Department, Economic Planning Unit, Dato’ Seri Ranjit Ajit Singh, Executive Chairman of Securities Commission Malaysia & John Chong, Chief Executive Officer of Maybank Kim Eng Group & Maybank Investment Bank |
Dato’ Amirul Feisal Wan Zahir, Group Head, Global Banking, Maybank, said, “The dialogues with the fund managers led by Senator Dato’ Sri Wahid were robust and engaging a full breadth and depth of economic and capital market related areas. The fact that we managed to meet over 80 fund managers in two days demonstrates the regional market’s confidence in Malaysia.”
He added, “The Budget 2016 Recalibration commitment to fiscal consolidation and discipline are market-positive and ratings-positive. Emerging market focused institutional investors have many investment options around the world so we wanted to get in-conversation with them to put the facts on the table. Facts not just about Malaysia’s economic position but also about the strength of Malaysian listed companies. In fact, from our Unmasking Asia Stress Tests research conducted at the end of 2015 companies listed on Bursa Malaysia performed well in comparison to other regional peers who were less resilient and vulnerable.”
Datuk Seri Tajuddin also emphasised, “We are pleased to have Maybank Kim Eng as our partner again this year. With more than a decade in existence now, the Invest Malaysia programme has become a trademark capital market event, where global fund managers can expect exclusive access to understand first-hand the opportunities on Bursa Malaysia and most importantly, enrich their viewpoints through robust and engaging conversations.
Our Malaysian market has continued to show resilience. It is in challenging times that there are opportunities. This is why Invest Malaysia 2016 is hitting the road to present the facts. I believe that the combination of a diverse and resilient marketplace is a compelling one and on that note, we are very honoured to have the firm support of Senator Dato’ Sri Wahid Omar again,” concluded Datuk Seri Tajuddin Atan.
Among the key facts that were shared during the Invest Malaysia 2016 Conversations were Malaysia’s growth trajectory since 2009 whereby the highlights were the FBM KLCI growth of 93% supported by an equally impressive market capitalisation growth of 155%, which equates to an increase of nearly RM1 trillion in market value from the over 900 listed companies on Bursa Malaysia.
Over the last 10 years Bursa Malaysia has put in place the building blocks to create a sustainable marketplace and improve access to capital. In 2014, Bursa Malaysia became the first emerging market to implement an exchange driven, globally benchmarked FTSE4Good ESG index and in 2015, Bursa Malaysia became one of the first emerging markets to be a Partner Exchange Signatory to the Sustainable Stock Exchange Initiative.
