ASEAN KEY DESTINATIONS
Malaysia to become investment choice
This was the view of several panellists on Malaysia's potential in terms of foreign investments in the region at the Alternative Investments in Asia forum, which ended Tuesday.
Kanoo Group's deputy chairman Mishal Kanoo said Malaysia should take advantage of its international reputation as the global leader in Islamic finance.
"Apart from Bahrain, Malaysia is the centre of global Islamic finance now as marketing and branding activities of that industry are centered here," he told reporters.
Kanoo runs the largest independent family-owned group of companies in the Gulf region, which has diversified interests in several industry, including shipping, oil and gas, and logistics.
Another panellist, Dubai International Financial Centre Authority's chairman David Eldon, said Malaysia is still in foreign investors' radar, especially with its counterparts like Thailand having political instability.
"I think both Malaysia and Indonesia are certainly the places that people will look at and interestingly, I see quite a lot of interest coming from the Middle East wanting to invest in Asia and Malaysia is one of the places they do look at very carefully," he said.
Eldon has vast experience in the banking sector in Asia and the Middle East and is currently special advisor to South Korean President Lee Myung-Bak.
Mary Buffett, renowned author of The Buffettology Workbook, agreed that Malaysia is on the right track and has a lot of new ideas to offer foreign investors.
"As I'm going to be travelling, I would love and plan to talk about my experiences here in Malaysia," she said.
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