MALAYSIAN CAPITAL MARKET GREW 9 PCT TO RM3.1 TLN OVER SIX MONTHS OF 2017

KUALA LUMPUR, — The Malaysian capital market increased nine per cent to RM3.1 trillion in the first six months of this year and is now ranked fifth in Asia, relative to the gross domestic product (GDP), Prime Minster Najib Tun Razak said.

He said Malaysia is also home to the largest number of listed companies in ASEAN and at US$29 billion, Bursa Malaysia also recorded the highest in funds raised in the last five years among the 10-member regional body.

“All this can point to only one conclusion, namely, our economy continues to prosper and we are stronger than ever as a result of the reforms and programmes the government has put in place,” he said in his keynote address at Invest Malaysia 2017 here.

He said as the business community and companies like strength and stability, they want the certainty provided by a government that understands the prosperity of its people, is best served by being business-friendly and that sovereignty is not compromised by foreign direct investments.

“The business community wants the certainty of knowing the government is committed to the necessary reforms and to fostering a culture of entrepreneurship, transparency, accountability, and good regulations,” he added.

Source: NAM NEWS NETWORK