Malaysian Economic Summit 2019 News Clippings
Published on 04 Jul 2019
05 Jul 2019, The Edge Markets
Slow response from govt turning away much-needed investors
Malaysian can benefit from greater participation of foreign investors but stands to lose out if the government is slow to react to their interests, said Entrepreneur Development Minister Datuk Seri Mohd Redzuan Md Yusof. Mohd Redzuan cited an example of several foreign sovereign wealth funds that have expressed interest to invest in Malaysia’s small and medium enterprise (SME) sector by jointly establishing a development investment fund for the purpose. But they have yet to get any response from the government. “I have been approached by banks from Japan to put money into the country to help SMEs. But we have to go through the regulatory process that may take a bit of time,” Mohd Redzuan said at the Malaysian Economic Summit 2019 held by the Kingsley Strategic Institute yesterday.
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04 Jul 2019, The Sun
Brace for strong headwinds in 2020, says economist
Next year will be a challenging year for global and Malaysian gross domestic product (GDP) growth, with headwinds coming from a possible escalation of trade tensions between the US and China. Affin Hwang Investment Bank head of research/chief economist Alan Tan said 2020 will be a challenging year unless there is positive news from the trade tensions, such as a possible trade compromise, around the third or fourth quarters of this year. Based on Bank Negara Malaysia’s simulation of a full blown trade war, which includes possible retaliation from China, the headwinds could result in a 1.3-1.5% drag on Malaysia’s GDP growth. Tan, who was speaking at the Malaysian Economic Summit 2019 today, said domestic demand is important for Malaysia and the upcoming Budget 2020 is expected to include further development expenditure.
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04 Jul 2019, Free Malaysia Today
Delays, no response stopping much-needed investors, says Redzuan
The lack of response and delays in approval are stopping international banks and sovereign wealth funds from investing in Malaysia’s small and medium enterprise (SME) sector, Entrepreneur Development Minister Redzuan Yusof revealed today. He said many potential investments were bogged down by such delays. “I have been approached by banks from Japan to put money into the country to help SMEs. But we have to go through the regulatory process that may take a bit of time,” he said.
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04 Jul 2019, The Edge Markets
Govt not reacting to foreign investors' interest fast enough — minister
Malaysian businesses can benefit from greater participation from foreign investment funds but will lose out, if the government is slow to react to their interests, said Entrepreneur Development minister Datuk Seri Mohd Redzuan Yusof. Mohd Redzuan said foreign sovereign wealth funds have expressed interest to jointly establish a development investment fund in particular, to benefit small and medium enterprises (SMEs). However, he noted that some of these foreign funds are now shying away, as there has not been a response from Malaysia. “These interests have been raised to the relevant government agencies and regulators. But there has been no answer from them. I’m not criticising my own government, but we need to work faster,” Mohd Redzuan said in his keynote address at the Malaysian Economic Summit 2019 held by the Kingsley Strategic Institute here.
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04 Jul 2019, China Press
保护网购消费者“ BizTrust“认证阻欺诈
国内一项有关大马网购消费者经验的调查显示，有77％网购消费者认为“网购安全”是他们最关心的因素只有12％消费者认为“方使”是网购的关键因素; 11％认为”网购个性化“是首要考量。 国内贸易和消费人事务部副部长张健仁指出，大马公司委员会就此，在今年5月推出“BizTrust”（商业诚信）认证，以威低网络买卖欺诈案。 他说，商家若要获得网购消费人信任，可申请“商业诚信”认证，必须提供完整资料，包括身分，地址及银行资料予大马公司委员会;消费人可查询在电商平台上的商家是否拥有“商业诚成信“认证，选择有诚信的商家。 张健仁今日为2019年大马经济峰会主持开幕，致词时这么说。出席者包括皇出策略研究院（KSI）院长丹斯里杨元庆，和吉隆坡经济协会主席拿督斯里莫哈末伊克巴尔。