||Asean Affairs 24 May 2013
GLOBAL FUND MANAGERS TO CONVERGE ON MALAYSIA TO ACCESS ASEAN’S MULTINATIONAL MARKETPLACE
Invest Malaysia 2013 to showcase the diversity and sustainability of Bursa Malaysia’s Marketplace;
Prime Minister to deliver keynote address;
Jim Rogers will address the conference with a presentation entitled: ASEAN’s Rise: Following the Money Trail
Invest Malaysia conference (IMKL 2013), which will be held here on 13 and 14 June 2013, will present global fund managers with direct opportunities to access ASEAN’s Multinational Marketplace through Bursa Malaysia. The central aim of the conference is to highlight the leading position of Malaysian multinationals in ASEAN, across key economic sectors, including Plantation, Finance and Oil & Gas. As in the previous years, IMKL 2013 will see a confluence of leading global and local fund managers, including for the first time at IMKL, Islamic fund managers, for one-on-one meeting opportunities with CEOs of Malaysia’s leading multinationals.
Organised by Bursa Malaysia and Maybank Kim Eng, a leading investment bank in many of Asia’s markets, IMKL 2013 will be officiated by the Prime Minister Dato’ Sri Mohd. Najib Tun Abdul Razak, who will deliver the Keynote Address. IMKL 2013 will also present Jim Rogers, who will lead the Plenary on investment opportunities on Bursa Malaysia and Malaysia’s position as a leading ASEAN marketplace.
Speaking about the upcoming IMKL 2013 conference, Dato’ Tajuddin Atan, Chief Executive Officer of Bursa Malaysia, emphasised the opportunities available to investors in its marketplace as the country continues to harness the full potential of Malaysia’s capital market as a leading marketplace in the region.
Said Dato’ Tajuddin, “Malaysia has earned a global reputation for providing a world-class, facilitative and transparent environment for investors. In recent years the Bursa Malaysia marketplace has been on an uptrend and the speed of change with which our marketplace is transforming will only intensify. On the back of a strong 2012, in which we were amongst the world’s top five IPO markets, we are again set for another strong year offering more investment opportunities for our global fund management partners.
Speaking about the growth of Malaysian multinationals on Bursa Malaysia, Dato’ Tajuddin said, “Many Malaysian multinational companies have seen significant growth in the ASEAN region in recent years, building on their success at home. This has made Bursa Malaysia the prime marketplace for buying into the growth opportunities offered by ASEAN, one of the world’s fastest-growing regions. In short, when you buy Malaysia, you are investing in the growth of ASEAN. That is a central message that we want to put across to global investors and the IMKL 2013 conference will showcase many of the companies to validate this.”
Tengku Dato’ Zafrul, Group Chief Executive of Maybank Kim Eng, affirmed Malaysia’s conducive marketplace and growth potential for Malaysian corporates, stating, “This is unarguably the most exciting time for Malaysian companies. The strong domestic demand-side economy driven by Malaysia’s Economic Transformation Programme (ETP), the vast opportunities in ASEAN - a region of 600 million people and Malaysia’s wealth of natural resources have come together in a powerful combination to produce a thriving and sustainable marketplace in which Malaysian multinationals continue to flourish.
“Our leading sectors, particularly Plantation, Finance and Oil & Gas, are underpinned by a vibrant and comprehensive business eco-system that make our marketplace distinct”, continued Tengku Zafrul.
The plantation sector has been identified as a National Key Economic Area under the Government’s Economic Transformation Programme. Malaysia has clearly made its mark as one of the global marketplace for palm oil trading and the world’s leading price discovery centre for palm oil products. Its ‘seed to port’ infrastructure is unmatched, while Bursa Malaysia’s Crude Palm Oil Futures (FCPO) is today the global pricing benchmark for palm oil. Malaysia is also home to the world’s leading rubber glove products.
Malaysia’s Financial Services industry continues to play an integral role in ensuring the country’s economic sustainability. In 2012, the sector contributed 7.2 per cent to Malaysia’s real GDP, growing at an average of 8.7 per cent from 2006 – 2012. Malaysian banks continue to remain well-capitalised, demonstrating healthy asset quality and continue to report record profits, whilst rapidly expanding outside of Malaysia.
Maybank is today the fourth-largest lender in ASEAN and the world’s 13th strongest bank according to Bloomberg. Additionally, three of ASEAN’s top five investment banks are Malaysian with Maybank Kim Eng counted as one.
The Oil & Gas sector, which is among the country’s main engines of economic growth, is another key focus under the Economic Transformation Programme, as Malaysia seeks to sustain its hydrocarbon production. Opportunities are across the board, from upstream to downstream activities under PETRONAS MYR 300b capex programme for 2011-2015.
IMKL 2013 will showcase 52 Malaysian multinational champions across diverse sectors that will validate Malaysia’s role as ASEAN’s Multinational Marketplace. As well, 8 companies from other ASEAN countries will also be presented at IMKL 2013. More than 1,500 capital market players are expected to attend this year, including global fund managers, top and senior executives of listed companies and key capital market government officials.