By Nor Baizura Basri
KUALA LUMPUR, Dec 27 (Bernama) -- Malaysia, which continued to spread its wings and presence especially in the international arena this year, is expected to flourish further come 2014.
Prime Minister Datuk Seri Najib Tun Razak's presence at international economic forums such as the World Economic Forum (WEF) in January, as well as, World Islamic Economic Forum (WIEF) in October, have further boosted the country's image on the global landscape.
During WEF in Davos, Switzerland, Najib, who is also Finance Minister, together with several Cabinet ministers, presented and marketed Malaysia's success stories, which were mostly driven by the country's transformation programmes.
Since the implementation of these programmes, Malaysia has successfully attracted increased investments to its shores while stepping up investments abroad, value of the stocks and employment.
Besides, Najib also presented the business community with the country's aspiration to become a high-income economy by 2020 with a per capital income of US$15,000.
The per capital income jumped to US$9,750 by end-2012 from US$6,700 four years ago, he said.
"We presented all these as one package to the international community at the WEF here. There is no other platform as big and strategic as WEF," he said at the end of the trip.
Najib said at 'Malaysia Night', the culmination of the country's participation in the WEF, investors saw a 'shadow' of what investors could enjoy and achieve if they were to visit Malaysia, what more if they decided to invest in the country.
"In gloomy conditions, especially in Europe and the United States, Malaysia is one of the few places that radiates success in managing its economy which brings about the transformation which we promised," he said.
In London, the prime minister wooed foreign investors with Malaysia's capabilities in Islamic banking and finance.
That made the city, which is among the biggest financial markets in the world, to take bold steps into the Islamic finance landscape.
British Prime Minister David Cameron said London wants to become the hub for Islamic finance outside the Muslim world.
"I don't just want London to be a great capital of Islamic finance in the Western world. I want London to stand alongside Dubai and Kuala Lumpur as one of the great capitals of Islamic finance anywhere in the world," he said.
To further prove his commitments, he announced several moves including becoming the first sovereign outside the Islamic world to issue sukuk, the creation of new Islamic indices on the London Stock Exchange Group, as well as, offering ten new Chevening Scholarships for Islamic finance for 2014-2015 period.
That, of course, did not come out blindly. It was proof of a stronger bond and relationship between Malaysia and Britain that has grown over the years.
Not only that, Cameron also praised and commended Najib on promoting moderation against extremism.
"Prime Minister Najib is a newly re-elected leader whose pioneering Global Movement of Moderates is uniting and inspiring people across the world in the fight against extremism and whose commitment to business with Britain is delivering millions of pounds of new investment and hundreds of new jobs here and in Malaysia," he said.
This has certainly boosted existing ties between the two countries and taken it to another level since 2011 compared with the "benign neglect" level between 1997 and 2010.
Meanwhile, in terms of ranking, Malaysia has set another record this year, being the only Muslim country among the top 10 global economies in terms of ease of doing business.
According to the World Bank's Doing Business 2014 report, Malaysia jumped to sixth position in the ease of doing business from 12th previously among the 189 economies in the World Bank's report.
This, according to the Prime Minister, was due to the effectiveness of the government's reform programmes.
Due to several fiscal consolidation moves by the government, international rating agencies such as Moody's and Standard & Poor's also revised their ratings to "positive" and "stable", respectively, on Malaysia's sovereign rating.
Turning back to the regional front, Malaysia has been very committed in Asean's regional integration in 2015 with 88 per cent of the measures already implemented.
With another year to go, certainly Malaysia has the tenacity and the drive to make the Asean Economic Community (AEC) a reality.
AEC, with a population of 600 million, will become the next growth driver for Asean member countries as they become a single market and production base.
Asean will then become a highly competitive economic region, a region of equitable economic development, and a region fully integrated into the global economy, attracting possible investments around the world.
This AEC would also transform Asean into a region with free movement of goods, services, investment, skilled labour and freer flow of capital.
3M Malaysia Sdn Bhd Managing Director Michael Wu said moving forward to 2014, the company was confident Malaysian businesses would seek to take advantage of emerging opportunities in the global market.
This included continued growth in demand in the key fields of oil and gas, electronics, automotive, metal fabrication, consumer and healthcare.
"Malaysia must also recognise the emerging strength of the automotive industries of our neighbours in Thailand, Indonesia and the Philippines. We must be able to compete with them especially with their participation in the AEC," he told Bernama.
With the wealth of opportunities to be found within these industries alone, he said Malaysia would be able to significantly enhance both its productivity as well as position along industry supply chains so as to move the country towards gaining significantly higher value.
"Innovation will be the key that allows the nation to unlock this untapped potential and 3M is ready to partner both the Malaysian government, as well as, private enterprises to achieve our nation's goal of becoming a successful, developed and high-income nation," Wu added.
KUALA LUMPUR, Dec 27 (Bernama) -- Malaysia, which continued to spread its wings and presence especially in the international arena this year, is expected to flourish further come 2014.
Prime Minister Datuk Seri Najib Tun Razak's presence at international economic forums such as the World Economic Forum (WEF) in January, as well as, World Islamic Economic Forum (WIEF) in October, have further boosted the country's image on the global landscape.
During WEF in Davos, Switzerland, Najib, who is also Finance Minister, together with several Cabinet ministers, presented and marketed Malaysia's success stories, which were mostly driven by the country's transformation programmes.
Since the implementation of these programmes, Malaysia has successfully attracted increased investments to its shores while stepping up investments abroad, value of the stocks and employment.
Besides, Najib also presented the business community with the country's aspiration to become a high-income economy by 2020 with a per capital income of US$15,000.
The per capital income jumped to US$9,750 by end-2012 from US$6,700 four years ago, he said.
"We presented all these as one package to the international community at the WEF here. There is no other platform as big and strategic as WEF," he said at the end of the trip.
Najib said at 'Malaysia Night', the culmination of the country's participation in the WEF, investors saw a 'shadow' of what investors could enjoy and achieve if they were to visit Malaysia, what more if they decided to invest in the country.
"In gloomy conditions, especially in Europe and the United States, Malaysia is one of the few places that radiates success in managing its economy which brings about the transformation which we promised," he said.
In London, the prime minister wooed foreign investors with Malaysia's capabilities in Islamic banking and finance.
That made the city, which is among the biggest financial markets in the world, to take bold steps into the Islamic finance landscape.
British Prime Minister David Cameron said London wants to become the hub for Islamic finance outside the Muslim world.
"I don't just want London to be a great capital of Islamic finance in the Western world. I want London to stand alongside Dubai and Kuala Lumpur as one of the great capitals of Islamic finance anywhere in the world," he said.
To further prove his commitments, he announced several moves including becoming the first sovereign outside the Islamic world to issue sukuk, the creation of new Islamic indices on the London Stock Exchange Group, as well as, offering ten new Chevening Scholarships for Islamic finance for 2014-2015 period.
That, of course, did not come out blindly. It was proof of a stronger bond and relationship between Malaysia and Britain that has grown over the years.
Not only that, Cameron also praised and commended Najib on promoting moderation against extremism.
"Prime Minister Najib is a newly re-elected leader whose pioneering Global Movement of Moderates is uniting and inspiring people across the world in the fight against extremism and whose commitment to business with Britain is delivering millions of pounds of new investment and hundreds of new jobs here and in Malaysia," he said.
This has certainly boosted existing ties between the two countries and taken it to another level since 2011 compared with the "benign neglect" level between 1997 and 2010.
Meanwhile, in terms of ranking, Malaysia has set another record this year, being the only Muslim country among the top 10 global economies in terms of ease of doing business.
According to the World Bank's Doing Business 2014 report, Malaysia jumped to sixth position in the ease of doing business from 12th previously among the 189 economies in the World Bank's report.
This, according to the Prime Minister, was due to the effectiveness of the government's reform programmes.
Due to several fiscal consolidation moves by the government, international rating agencies such as Moody's and Standard & Poor's also revised their ratings to "positive" and "stable", respectively, on Malaysia's sovereign rating.
Turning back to the regional front, Malaysia has been very committed in Asean's regional integration in 2015 with 88 per cent of the measures already implemented.
With another year to go, certainly Malaysia has the tenacity and the drive to make the Asean Economic Community (AEC) a reality.
AEC, with a population of 600 million, will become the next growth driver for Asean member countries as they become a single market and production base.
Asean will then become a highly competitive economic region, a region of equitable economic development, and a region fully integrated into the global economy, attracting possible investments around the world.
This AEC would also transform Asean into a region with free movement of goods, services, investment, skilled labour and freer flow of capital.
3M Malaysia Sdn Bhd Managing Director Michael Wu said moving forward to 2014, the company was confident Malaysian businesses would seek to take advantage of emerging opportunities in the global market.
This included continued growth in demand in the key fields of oil and gas, electronics, automotive, metal fabrication, consumer and healthcare.
"Malaysia must also recognise the emerging strength of the automotive industries of our neighbours in Thailand, Indonesia and the Philippines. We must be able to compete with them especially with their participation in the AEC," he told Bernama.
With the wealth of opportunities to be found within these industries alone, he said Malaysia would be able to significantly enhance both its productivity as well as position along industry supply chains so as to move the country towards gaining significantly higher value.
"Innovation will be the key that allows the nation to unlock this untapped potential and 3M is ready to partner both the Malaysian government, as well as, private enterprises to achieve our nation's goal of becoming a successful, developed and high-income nation," Wu added.
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