Business

Friday September 18, 2009

Malaysia key market for global investors


PETALING JAYA: Malaysia has been identified as one of the key markets for global investors, according to new research published by UK Trade & Investment, a government organisation that helps Britain-based companies succeed in the global economy.

“Businesses should be strategic about their exports and plan for the long term. Many emerging markets are outperforming developed economies, and are expected to grow strongly for years to come,” said Lord Mandelson, the British secretary of state for business, innovation & skills, in a statement.

The new report entitled Survive and Prosper: Emerging markets in the global recession gave fresh insights into the opportunities and longer-term strategic importance offered by emerging economies, Mandelson said.

In a survey of professionals in emerging markets, Malaysia is ranked fifth in a list of countries “that are seen to be the next wave of priority market,” a marked improvement from 13th place last year. Prime Minister Datuk Seri Najib Tun Razak welcomed the report, saying in the same statement that “Malaysia has turned a corner and is aggressively advancing policies that reinforce the country’s competitiveness at a global level.”

“The liberalisation process initiated by this government recognised the fact that Malaysia must remain open in order to remain competitive and that the process of opening up to overseas investment is critical to our overall economic development,” he added.

  • E-mail this story
  • Print this story