CEO Morning Brief

Bursa, Maybank to Co-host Invest Malaysia 2023

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Publish date: Fri, 03 Mar 2023, 08:46 AM
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TheEdge CEO Morning Brief
Bursa, Maybank to co-host Invest Malaysia 2023

KUALA LUMPUR (March 2): Bursa Malaysia Bhd and Malayan Banking Bhd (Maybank) will co-host the 21st instalment of Invest Malaysia (IMKL 2023), the country’s largest annual capital market gathering, on March 8.

In a joint statement, Bursa and Maybank said the event is expected to attract an estimated 1,000 local and foreign fund managers, attending in person and online, with an estimated total asset under management (AUM) of US$10 trillion (RM44.75 trillion).

Themed “Reshaping Malaysia’s Narrative: Strengthening Resilience & Sustaining Growth”, IMKL 2023 will provide an in-depth look at the strategic approaches and measures introduced in the recently re-tabled Budget 2023, which will support Malaysia’s long-term efforts to achieve sustainable development and economic growth.

Prime Minister Datuk Seri Anwar Ibrahim will deliver the keynote address, which is expected to focus on the country's efforts to achieve high-income nation status while adhering to the values espoused in the Malaysia Madani concept, said Bursa and Maybank.

“The recent budget reinforces Malaysia’s commitment to fiscal reform while addressing key concerns investors have when making investment decisions," said Bursa chief executive officer Datuk Muhamad Umar Swift in the statement.

"The absence of a prosperity tax from this year’s budget also bodes well and encourages Malaysian companies to aim for higher earnings, thus raising their attractiveness to global investors,” he said.

Muhammad Umar also said that the tax incentives on listing fees for the ACE and LEAP markets, as well as for technology-based companies listed on the Main Market, will encourage the listing of more high-potential and innovative companies.

“This would result in more investment opportunities and increased trading interest among investors while also helping us achieve our target of 39 listings for 2023,” he said.

The Bursa CEO said IMKL 2023 will provide impetus to strengthen the key building blocks that will reinforce Malaysia’s reputation as an attractive investment destination in the region.

Maybank’s group president and CEO Datuk Khairussaleh Ramli said the conversations at Invest Malaysia will provide a better understanding of Malaysia’s medium-term fiscal and economic strategy in sustaining development, enhancing competitiveness and resuming its growth trajectory.

“We believe that a holistic approach that balances social and economic needs is pivotal for the nation to strengthen its resilience and to sustain growth. This is reflected in Maybank’s own mission of Humanising Financial Services, driven by our M25+ strategy,” said Khairussaleh.

Source: TheEdge - 3 Mar 2023

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