Latest news with #InvestAsean-Malaysia2025Conference
The Star
a day ago
- Business
- The Star
Invest Asean-Malaysia 2025 Conference to run from tomorrow to July 3
PETALING JAYA: The Invest Asean-Malaysia 2025 Conference expects to attract more than 1,500 delegates, including foreign fixed income, equity and private equity investors with a combined asset under management (AUM) of over US$13.6 trillion or RM57.7 trillion. The event, which will be held in Kuala Lumpur from tomorrow to July 3, will be jointly hosted by Bursa Malaysia in collaboration with Malayan Banking Bhd (Maybank). The conference comprises a plenary and two days of corporate access showcasing 71 corporates from Asean, including 30 from Malaysia, with a total market capitalisation of US$382.6bil or RM1.62 trillion. It is themed 'Driving Asean Integration through Malaysia's Economic Resilience – Capital, Collaboration, Connections', Bursa Malaysia and Maybank stated in a statement. The three-day conference will bring together corporate leaders, policymakers and institutional investors from across the region to chart the next chapter of Asean's economic ascent. 'The country's Asean Chairmanship this year presents a unique opportunity to champion deeper regional integration. 'Through this flagship conference, we reaffirm Malaysia's value proposition and leadership towards this regional ambition. 'As the national exchange, Bursa Malaysia is committed to cultivating a dynamic and competitive capital market – one that not only drives Malaysia's economic growth, but also reinforces Asean's continued progress,' Bursa Malaysia chief executive officer Datuk Fad'l Mohamed said. Delegates will also have the opportunity to join a series of curated thematic site visits, offering them first-hand look at Malaysia's investment ready growth corridors and key industries.
The Star
2 days ago
- Business
- The Star
Fiscal reforms still a strong focus for country
KUALA LUMPUR: While there is still no fixed date on when the rationalisation of the RON95 petrol subsidy might take effect, final details are currently being ironed out, says Second Finance Minister Datuk Seri Amir Hamzah Azizan. He said the goal remains the same – to ensure gaps are plugged and businesses as well as the wealthy contribute their fair share so that the nation has fiscal strength while providing financial subsidies for those that need it. 'The same approach applies to the expansion of the sales and service tax (SST). It diversifies revenue and is part of a prudent expenditure management. 'In turn, it allows for growth-enhancing investments which generate equitable economic advantages and benefits for all groups, including businesses and the general public,' he said during the Invest Asean-Malaysia 2025 Conference here yesterday. He added the initial target of RM10bil in revenue from the expanded SST is still what his ministry expects. 'At the moment, I am still confident and I think the government is fair enough to understand that we should adjust along the way,' he said. He revealed the government took into account ways to minimise the impact on small and medium enterprises as well as on the general population. According to Amir Hamzah, there are other separate reforms in the pipeline that are set to support economic growth, build credibility and set good examples. 'These include judicial and institutional reforms, fiscal and public sector reforms, social protection and inclusivity reforms, and digital and innovation-led reforms. 'Current global volatility makes reforms more urgent. Institutional strengthening, fiscal discipline, innovation and capacity building are components to sustainable, resilient economic expansion that is capable of weathering future global disruptions,' he added. With this in mind, Amir Hamzah said when the upcoming budget is being tabled, the government will have a pragmatic and sensible focus, aimed at driving continuity in the nation's progress. 'While it is too early to share details, I can say that it will be yet another effort in securing our economic future, responding where necessary to current economic categories and building a fairer, more equitable society,' he noted. Amir Hamzah said the commitment to Malaysia's fiscal consolidation remains in sharp focus. He pointed out that in 2024, the country achieved a budget deficit of 4.1% to the gross domestic product, better than the official target of 4.3%. 'This year, we are targeting 3.8%, while staying consistent with the target in the Public Finance and Fiscal Responsibility Act to reduce the deficit to 3% in the middle term. 'This has not been an easy journey, but we have made huge strides when we compare it with what we started off in 2022 at a 6.4% deficit,' he said. He noted that this will be accomplished through revenue enhancing measures, tax system efficiency and taxpayer compliance. 'These various sources of revenue provide the fiscal space to invest in building capacity in the nation's infrastructure, talent and cost-effectiveness which corporates and businesses rely on. In many ways, it is an equitable partnership that drives shared progress,' he said. Meanwhile, Bursa Malaysia Bhd chief executive officer Datuk Fad'l Mohamed said the current strength of Malaysia's economy is no coincidence, but is the outcome of forward-looking policies. He said the stock exchange has continued to strengthen regional collaborations and enhance linkages with exchanges and the ecosystem across Asean. 'As the largest Asean exchange by number of listed companies, we continue to solidify our position as a key avenue for fundraising. 'In 2024, we led the region's initial public offering (IPO) 'league table' in both the number of IPOs at 55, and in total IPO funds raised,' he said in his keynote speech. He added there were already encouraging IPO activities witnessed in the first half of this year despite market volatility. 'As we continuously facilitate businesses to raise funds, we also take pride in witnessing companies progress from the LEAP Market to the ACE Market, and from the ACE Market to the Main Market. 'Since 2020, more than 40 companies have made this transition and graduated upwards,' he said. On a separate note, the Invest Asean-Malaysia 2025 Conference which began yesterday and will run until tomorrow is expected to attract more than 1,500 delegates from across the region. Themed 'Driving Asean Integration through Malaysia's Economic Resilience – Capital, Collaborations, Connections', the event comprises a showcase of 71 corporates from Asean, including 30 from Malaysia.
New Straits Times
5 days ago
- Business
- New Straits Times
Invest Asean-Malaysia 2025 to showcase 71 firms, attract 1,500 delegates
KUALA LUMPUR: The Invest Asean-Malaysia 2025 Conference in Kuala Lumpur, scheduled for July 1–3, will showcase 71 Asean companies, including 30 from Malaysia, with a combined market capitalisation of about US$382.6 billion (about RM1.62 trillion). The conference is expected to attract more than 1,500 delegates, including foreign fixed income, equity and private equity investors with a combined asset under management (AUM) of over US$13.6 trillion (about RM57.7 trillion). Hosted by Bursa Malaysia Bhd and Malayan Banking Bhd (Maybank), it will feature a plenary session and two days of corporate access, according to a joint statement. Themed "Driving Asean Integration through Malaysia's Economic Resilience — Capital, Collaboration, Connections", this three-day conference will bring together corporate leaders, policymakers and institutional investors from across the region to chart the next chapter of Asean's economic ascent. The event will be officiated by Finance Minister II Datuk Seri Amir Hamzah Azizan, who will also deliver the keynote address. Bursa Malaysia chief executive officer Datuk Fad'l Mohamed said Malaysia's Asean chairmanship this year presents a unique opportunity to champion deeper regional integration. He said the flagship conference reaffirms the country's value proposition and leadership towards this regional ambition. "As the national exchange, Bursa Malaysia is committed to cultivating a dynamic and competitive capital market. one that not only drives Malaysia's economic growth but also reinforces Asean's continued progress," Fad'l added. Meanwhile, Maybank president and group chief executive officer Datuk Khairussaleh Ramli said, "The conference theme encapsulates our shared imperative to drive the region's trajectory during a time of dynamic transformation as Asean deepens its integration, strengthens regional resilience and positions itself as a central player in the new global economic order." In conjunction with the conference, delegates will also have the opportunity to join a series of curated thematic site visits, offering them a first-hand look at Malaysia's investment-ready growth corridors and key industries. These include Selangor's digital and infrastructure development blueprint, Malaysia Vision Valley 2.0 in Negeri Sembilan and Klang Valley's healthcare innovations. Invest Asean-Malaysia 2025 is supported by Bloomberg and builds on Bursa Malaysia's long-standing Invest Malaysia series, which has featured discourse on Malaysia's capital market and economic competitiveness to global audiences since 2005, as well as Maybank's Invest Asean platform for regional investment and thought leadership that began in 2014.
