Highlights

Invest Malaysia 2019

Author: investmalaysia2019   |   Latest post: Wed, 20 Mar 2019, 6:25 PM

 

Maybank and Bursa Malaysia to host Invest Malaysia Capital Market forum

Author:   |    Publish date:


KUALA LUMPUR (March 14): Malayan Banking Bhd (Maybank) and Bursa Malaysia Bhd are to host the 15th Invest Malaysia Capital Market forum from March 19 to 20.

In a statement today, Maybank said the event would be held at the Shangri-La Hotel Kuala Lumpur, where 63 public-listed Malaysian companies with a total market capitalisation of RM913 billion would be showcased.

It said Invest Malaysia 2019 (IM2019) is expected to attract over 1000 local and regional fund managers from Thailand, Japan, Singapore, Hong Kong, US and UK, with total estimated assets under management (AUM) of US$20.16 trillion.

Prime Minister Tun Dr Mahathir Mohamad is set to deliver the keynote address, as well as being the guest of honour – with the forum discussing Malaysia’s growth ambitions, as well as providing clarity on programmes designed to be vehicles for Malaysia’s new growth agenda.

Bursa Malaysia Chief Executive Officer (CEO) Datuk Muhammad Umar Swift said the country’s growth is intact, despite potential short term challenges.

“The economy is resilient and dynamic, making the country a strong investment choice in a world of uncertainty. Beyond that, Malaysia’s institutional frameworks are robust and flexible enough to respond to changing times and needs.

"Despite all the headwinds last year, foreign outflow from our capital market was the second lowest among our ASEAN Emerging Market peers and our foreign shareholdings remained intact at 23.4% of total market capitalisation," Umar said.

Meanwhile, Maybank Group President and CEO, Datuk Abdul Farid Alias, said while the bank believes Malaysia is a compelling investment destination and gateway to other ASEAN markets, it must maintain its competitiveness in light of the Fourth Industrial Revolution.

“Malaysia must maintain its competitiveness by executing critical structural reforms while integrating environmental, social and governance (ESG) factors to ensure an attractive business climate for investors.

"The Invest Malaysia forum is designed to elicit structured dialogue around the role of environmental, social and governance and the responsibility of capital market leaders. We look forward to the gathering of some of the world’s leading capital market influencers to be part of the discussion” Abdul Farid said.

At Bursa Malaysia’s afternoon close today, shares of Maybank closed five sen lower at RM9.50 — with 1.46 million shares traded — giving the group a market capitalisation of RM105.52 billion.

 

Share this

  Be the first to like this.
 


 

327  306  557  720 

ActiveGainersLosers
Top 10 Active Counters
 NameLastChange 
 ARMADA 0.185-0.01 
 SAPNRG 0.335-0.01 
 MYEG 1.40+0.07 
 MTRONIC-OR 0.0050.00 
 SAPNRG-WA 0.13-0.015 
 HSI-C5A 0.27-0.01 
 NAIM 1.17+0.14 
 SEACERA 0.340.00 
 IRIS 0.15+0.005 
 PERDANA 0.405-0.005 
Partners & Brokers