Views on the new measures

  • Business
  • Wednesday, 01 Jul 2009


President and Managing Director

Axiata Group Bhd

THE measures illustrate the emphasis given by the Government. They (Government) are putting more meat into the whole drive to propel the country to move forward.

There will be no direct impact on Axiata. We appreciate the move as it will help us indirectly in the capital market.

We believe that the further liberalisation will promote Malaysia as a destination for investment and we will all be the beneficiaries.


Chief Executive Officer

ECM Libra Investment Bank Bhd

SOME may call it a catch-up game, but I think it is a move in the right direction.

Now all the focus and emphasis has to be on building up the human capital and that becomes the key source to facilitate the implementation part of it.


Managing Director, Equities

Credit Suisse Securities (M) Sdn Bhd

IT’S a brave and very positive move. The key thing will be the implementation of these measures.

But the devil, of course, will be in the details as to how that actually happens. There is a lot more work to be done.

I believe the bumiputra equity requirement is not a deal breaker. The Government has liberalised pretty much.

There is no real reason for the run-up in the market now. However, this move is good for the capital market and the economy in the long term.



Institute of Strategic and International Studies

THE Government has been given the thrust to promote growth and Malaysia as an investment friendly destination and the announcement is a very significant indication.

The Government has transformed Foreign Investment Committee and announced some new measures as well as the establishment of Ekuiti Nasional Bhd (Ekuinas).

We do not think there will be a conflict between government-linked companies (GLCs) and Ekuinas, as the latter is going into business different from that of the GLCs. We believe the GLCs will divest their non-core businesses.

We haven’t received details of the structure and we have to see and examine the details first.


Group Chief Executive

CIMB Group

OBSERVERS have to digest the changes made and the fundamentals. It is an extremely significant announcement made by the Government to boost investment.

We have to look for more details from the Government but, overall, it is a good move.


Chief Executive Officer

Maybank Investment Bank Bhd

THE liberalisation is good for foreign investors as it is expected to generate more capital market activities. The market has run up relatively as the market anticipated goodies from Invest Malaysia.

We’re very bullish on these measures as it will improve the appeal of the local capital market. There will be a little bit more uptrend in the market.

I doubt the KLCI will reach 1,800 points in the immediate future. The target could be reached in the medium term, provided we have a string of positive newsflow of recovery data and positive earnings from GLCs and corporate.

However, there are also external factors such as the price of commodities and oil to take into consideration.


Executive Director (Operations)

TA Securities Holdings Bhd

WE believe this will lead to a more interesting capital market activities as it is now a more friendly market environment. Listing (IPO) in Malaysia is no longer troublesome.

However, the key to a liberalised market will be the phase of implementation. It is a very strong motivation to see our capital market take off.


Chief Executive Officer

Bursa Malaysia Bhd

WE believe the market will be more attractive and a more level playing field.

While the trading volume has started to pick up, we believe all these will add positive feeling to and boost the capital market.

We’re just halfway through the year, hopefully, we will see an uptake in volume. Our first quarter was not a very good one.


Group Managing Director and

Group Chief Executive

Mah Sing Group Bhd

TODAY’S futher liberalisation should encourage more investments from locals and foreigners, giving another boost to property transactions and investment in both commercial and residential properties.

We know there is interest from local institutions and funds for investment grade properties, and we are now hearing interest from regional real estate funds to buy commercial properties in good locations with potential capital upside as well as good rental yields. It will also encourage the residential segment.

The setting up of Ekuiti Nasional Bhd, with its investment focus on high-growth sectors via partnerships with the private sector, will also further boost economic activities.

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