Business

Friday May 25, 2007

Najib to lead roadshow on Malaysia



KUALA LUMPUR: Around 50 fund managers from the world's largest investment and hedge funds will gather in Singapore early next week for a roadshow that will trumpet Malaysia's success in restructuring its economy and the opportunities available under the Ninth Malaysia Plan.

“We feel the timing is right to raise the international profile of Malaysia and its capital markets, given foreign investors' renewed interest in the country,” said an official of the roadshow organisers, ECM Libra Avenue and Credit Suisse.

These investors, he said, were encouraged by the success of the restructuring of government-linked companies, deregulation, continued appreciation of the ringgit, Malaysia's rising foreign exchange reserves and high commodity prices, as well as stable political environment.

Themed Malaysia, Restructured and Ready, the roadshow will be attended by fund managers from as far as the United States. A high-powered delegation will also be flying in from Hong Kong. These “big boys”, who control probably half of the world's investment and hedge funds, would get first-hand information on Malaysia's potential from a top level team led by the Deputy Prime Minister.

Datuk Seri Najib Tun Razak's delegation will include Second Finance Minister Tan Sri Nor Mohamed Yakcop, Bank Negara deputy governor Datuk Ooi Sang Kuang and Khazanah Malaysia Bhd managing director Datuk Azman Mokhtar. – Bernama

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