Senator Datuk Seri Amir Hamzah Azizan, Minister of Finance II, and Datuk Seri Abdul Rasheed Ghaffour, Governor of Bank Negara (middle), flanked by (left) Wee Ee Cheong, Deputy Chairman and Chief Executive Officer of UOB and (right) Ng Wei Wei, Chief Executive Officer of UOB Malaysia during an engagement session with investors hosted at UOB Plaza 1, Singapore. They were accompanied by (from left) Julia Goh, Senior Economist, UOB Malaysia, Zilhazmir Hamzah, Head of Global Corporate Banking Malaysia, J.P. Morgan, and Oliver Brinkmann, Co-Head of Global Corporate Banking APAC, J.P. Morgan; and (from right) Victor Lee, CEO, CIMB Singapore and Chu Kok Wei, Co-CEO, Group Wholesale Banking, CIMB
SINGAPORE: The Government of Malaysia undertook an investor engagement in Singapore recently, an event jointly supported by UOB Malaysia, CIMB and J.P. Morgan.
Titled, “Highlights for Growth,” the event was held at UOB’s headquarters, UOB Plaza 1 Singapore, and featured insightful presentations and discussions led by Minister of Finance II, Malaysia, Datuk Seri Amir Hamzah Azizan and Governor of Bank Negara Datuk Seri Abdul Rasheed Ghaffour.
The primary objectives of the session were to strengthen investor perception and sentiment towards Malaysia, and to provide comprehensive insights into the government’s growth strategies, economic outlook, and fiscal reforms.
Over 100 participants, including financial investors and capital market players attended the session. Commenting on the roadshow, Amir Hamzah said the Madani Economic framework will restructure the economy and raise Malaysia’s growth within the next 10 years.
“It aims to strengthen fiscal sustainability through more transparent and resilient fiscal management, attract quality investments particularly in new growth areas, advance green growth to support the transition to a low carbon economy, and build a prosperous, inclusive society through more targeted policies.
A positive outlook from analysts and rating agencies supported by encouraging economic figures shows Malaysia is making great strides to reclaim its Asian Tiger status.”
UOB Malaysia chief executive officer (CEO) Ng Wei Wei said based on the UOB Business Outlook Study 20241, Malaysia is the top country that businesses in Asean and Greater China want to venture into in the next three years.
She added that UOB will continue to play a meaningful role in facilitating investments into the country as part of its commitment to support the nation’s economic advancement.
Meanwhile, J.P. Morgan Chase Bank Bhd CEO Hooi Ching Wong sees Malaysia as a bright spot amidst tight global financial conditions.
"Policy reforms, data center investment and infrastructure build-out have become key tailwinds for Malaysia. With a combination of resilient GDP growth and a sizable current account surplus, the country can offset global headwinds and exceed global GDP growth this year,” added Hooi.
