24th
August
2007
Malaysia’s corporate governance has shown great improvement and now complies with more than three-quarters of the IIF’s corporate governance guidelines, based on the latest Institute of International Finance (IIF) news report last week.
With the findings, Malaysia is now rated to be in the top quartile of emerging economies surveyed by the IIF in terms of corporate governance.
The IIF is the global association of financial services institutes with more than 360 members worldwide.
Maybank President and Chief Executive Officer, Datuk Amirsham A. Aziz, a member of the IIIF Board of Directors said in a statement that the report recognized Malaysia’s progress and positive actions that have been implemented in recent years, and also singled out the scope of efforts required to further improve the best practices particularly in the capital market regulatory framework. Read the rest of this entry »
posted by Glen Stidolph in Malaysia, Economic |
9th
July
2007
The 17th World Economic Forum on East Asia which brings together business, political and government leaders, will be hosted by Kuala Lumpur in June next year.
In his closing remarks at the 16th World Economic Forum on East Asia, held in Singapore, Malaysian Second Finance Minister Tan Sri Nor Mohamed Yakcop said that the forum in the Malaysian capital will take place on June 15 and 16.
“On behalf of the Prime Minister (Datuk Seri Abdullah Ahmad Badawi) and the government of Malaysia, let me be the first to invite you to join us to continue with this important dialogue,” he said as he extended the “Selamat Datang” or welcome greetings to participants at this year’s forum. Read the rest of this entry »
posted by Glen Stidolph in Malaysia, Economic |
14th
June
2007
It looks like a decade after the financial crisis, the Malaysian economy is at its strongest position ever. Economic growth has been achieved with relative price stability, low unemployment and strong external balances. Going ahead, the prospect of the country economic looking bright. Global international merchant bank MERRILL LYNCH has said that MALAYSIA is in the midst of a long-term structural upturn, which will not only lift its economic growth prospects in the coming years, but also support asset prices, local news agency BERNAMA reported.
In its latest analysis on Malaysia, the merchant bank said the Malaysian economy appeared to be reaching full stride. ?This development has raised our optimism over the country?s medium-term growth prospects,? it said.?The bank lifted its forecasts for GDP growth to 5.7% for 2007 and 6.3% for 2008 (previously 5.2% and 5.8% respectively). Read the rest of this entry »
posted by Christopher in Malaysia, Economic |
6th
June
2007
Malaysia continues to attract investments in the manufacturing sector, where for the first four months of the year, some RM12.6 billion were approved in 302 projects, according to recent speech of Datuk Seri Rafidah Aziz, Minister of International Trade and Industry.
The Minister was speaking at the opening of the National Seminar on “Business Opportunities in the Machinery and Equipment Industry” organised by the Malaysian Industrial Development Authority, in conjunction with the MetalTech Malaysia 2007 exhibition in Kuala Lumpur.
Foreign investors have also made a comeback with investments of RM7.9 billion (Approx USD$2.4 Billion) or 62.7% of the total investments. Netherlands with RM1.4 billion was the top source of foreign direct investment (FDI); followed by Singapore with RM1.2 billion; Japan, RM1.1 billion; the US, RM1.0 billion and South Korea with RM861.6 million. Read the rest of this entry »
posted by Glen Stidolph in Malaysia, Economic |
22nd
May
2007
KUALA LUMPUR: The Malaysian economy last year recorded the highest productivity growth in the last six years at 3.7%, ahead of even developed countries such as Singapore (1.2%), Sweden (2.8%), Japan (2.5%), Germany (2.0%), and the United States (1.5%).
According to the Productivity Report 2006, which was launched yesterday, the productivity growth also contributed to strong gross domestic product (GDP), which grew 5.9% last year, driven mainly by strong public and private sector expenditure, and an impressive trade performance, which hit the RM1tril mark.
The report stated that Malaysia’s productivity level increased to RM27,221 per employee, from RM26,255 per employee in 2005. Read the rest of this entry »
posted by Glen Stidolph in Malaysia, Economic |
