KUALA LUMPUR: The Securities Commission Malaysia (SC) and Bursa Malaysia Bhd
welcome the announcements made by Prime Minister and Minister of Finance Datuk Seri Anwar Ibrahim today to drive Malaysia’s economic growth and capital market competitiveness.
The short-term and medium-term measures address three key pillars essential to the growth and development of the capital market in Malaysia, including enhancing the country’s competitiveness to strengthen market confidence and capital market regulators, said the SC and Bursa Malaysia in a joint statement.
Among the measures announced, the Ministry of Finance and the SC would be working together to widen the definition of sophisticated investors, including angel investors.
SC and Bursa Malaysia said they were also committed to exploring ways to reduce market friction and shorten time-to-market for initial public offerings.
"We aim to empower issuers and investors by creating a business-friendly environment through relevant support and incentives.
"The SC is optimistic that these efforts will create a more vibrant capital market to drive economic growth in the country,” said SC chairman Datuk Seri Dr Awang Adek Hussin.
Meanwhile, Bursa Malaysia chief executive officer Datuk Muhamad Umar Swift said the measures would widen affordable investment choices for the rakyat, and deepen investor interest in our market, leading to Bursa Malaysia being a destination of choice for fundraising.
"We are confident that the proposed measures and the existing development initiatives will stimulate market activity and create a more dynamic and liquid market environment.
"A liquid and strong-performing capital market has tremendous benefits to numerous stakeholders and the economy as a whole,” he said.
The capital market regulators said they would continue working closely with the Ministry of Finance, industry partners, and other relevant bodies to explore further holistic measures to ensure an inclusive and sustainable capital market. - Bernama
