MMC Corporation Bhd is confident that its unit Malakoff Corporation Bhd will join the likes of IHH Healthcare and Felda
Global Ventures Bhd in terms of attracting strong investor interest globally.

The government's efforts to reinvigorate the capital and financial markets as announced during the 2013 Budget will augur well for the planned listing of its units, scheduled to take place next year.

"The government efforts will affirm Malaysia's status as Asia's top initial public offering destination," MMC Corporation Bhd's Group Managing Director Datuk, Hasni Harun, said in a statement today in response to the budget announcement.

The hospital group, IHH Healthcare's IPO was the world's third biggest listing this year after Facebook Inc and another Malaysian group, Felda Global Ventures Holdings.

Meanwhile, he said the RM30 billion allocation for economic sector expenditure under Budget 2013 will boost investment activity.

He said this is expected to increase more business opportunities as well as private sector investment and participation.

"In the engineering and construction industry, we are committed to play a supporting role in the Economic Transformation Programme, Entry Point Projects by providing our expertise in key projects such as the Klang Valley Mass Rapid Transit project," he said.

Prime Minister Datuk Seri Najib Tun Razak today tabled the 2013 Budget in Parliament, which would amount to RM251.6 billion, of which RM201.9 billion would be for operating expenditure and RM49.7 billion for development expenditure. -- Bernama