KUALA LUMPUR: Bursa Malaysia Bhd held its first physical Invest Malaysia New York (NY) in six years, on Thursday, as part of a push for investments for Madani Economy initiatives.
The last Invest Malaysia NY was held in 2017.
The Invest Malaysia NY 2023 forum attracted about 200 delegates, including foreign fixed income, equity and private equity investors with combined asset under management (AUM) of over US$40 trillion (approximately RM188 trillion).
Themed "Regaining Malaysia's Lead in Asia", Invest Malaysia NY 2023 centred on promoting Malaysia's inherent strengths and how the Malaysian government's visionary Madani economic framework will re-establish Malaysia as a leading Asean economy.
Prime Minister of Malaysia Datuk Seri Anwar Ibrahim, who officiated and delivered the keynote address at the event, said that the Madani economic framework is the cornerstone of Malaysia's transformation journey, offering a clear roadmap to steer Malaysia's economic growth and longer-term sustainability agenda.
Anwar emphasised three essential pillars in the framework for economic recovery and enhancing Malaysia's competitiveness: the National Energy Transition Roadmap (NETR), the New Industrial Master Plan 2030 (NIMP 2030), and the Twelfth Malaysia Plan Mid Term Review (12 MP MTR).
Additionally, he shared Malaysia's plans in moving towards a sustainable growth path, in line with the target of achieving carbon neutrality by 2050.
Following the keynote address, Anwar together with Minister of Investment, Trade & Industry Tengku Datuk Seri Zafrul Tengku Abdul Aziz, engaged in a Q&A session, moderated by Bursa Malaysia CEO Datuk Muhamad Umar Swift.
The session discussed the Madani economy framework's priorities in greater detail, highlighting the focus in addressing fiscal policy improvements and enhancing the well-being of Malaysians.
A discussion on "Malaysia's Macro Resilience and Market Insights" later ensued with Bank Negara Malaysia Governor Datuk Abdul Rasheed Ghaffour, Securities Commission Malaysia Chairman Dato' Seri Dr Awang Adek Hussin, and Umar.
Delegates also heard from Maybank Investment Banking Group's Regional Co-Head of Macro Economics Dr Chua Hak Bin, who summarised the discussions into actionable highlights.
