Kuala Lumpur, 12 September 2024 – Bursa Malaysia Berhad (“Bursa Malaysia” or the
“Exchange”) today hosted the Invest Malaysia 2024 (“IM2024”) in Hong Kong, as part of the
Exchange’s Invest Malaysia series for this year.
YB Senator Tengku Datuk Seri Utama Zafrul Tengku Abdul Aziz, Malaysia’s Minister of
International Trade & Industry (“MITI”), officiated the event and delivered the keynote
address which focused on Malaysia’s industrial reform policies centred around the New
Industrial Master plan 2030 (“NIMP 2030”) and National Energy Transition Roadmap
(“NETR”). Tengku Zafrul also made a specific reference to Malaysia’s National
Semiconductor Strategy (“NSS”) to sharpen the sector’s competitive edge, and the Green
Investment Strategy (“GIS”), to attract sustainability-themed investments, in propelling the
nation’s resilient growth.
IM2024 in Hong Kong represents the third major financial city in Bursa Malaysia’s
engagement session with equities investors across the region. The FBM KLCI has
appreciated 12.7 per cent as at YTD 11 September 2024 and looks set to grow further on
the back of Malaysia’s strong macroeconomic indicators such as commendable GDP
growth, encouraging uptick in investments and exports, as well as a currency that is at its
strongest in 18 months.
In his address, YB Senator Tengku Zafrul elaborated that through the NSS, Malaysia is
building on its strengths in the back-end process and Outsourced Assembly and Testing
(“OSAT”) component of the global industry value chain, to advance towards higher-value
activities such as integrated circuit design, advanced packaging and equipment
manufacturing.
Tengku Zafrul said, “MITI understand that investors – whether in industries or in our stock
market – are looking for two key criteria: clarity of policies, and strength of implementation
of those policies. Our efforts on both fronts appear to have paid off, judging from the 18
per cent increase in approved investments for 1H2024, and the 12.7 per cent rise in our
equities market in the past year. Coupled with our strong economic fundamentals,
Malaysia is fast becoming be the preferred regional destination for high quality
investments under the MADANI economy framework.”
Invest Malaysia 2024 in Hong Kong focused on the investment opportunities available
under the NSS and GIS, both of which are aimed at enhancing Malaysia’s long-term
industrial resilience and sustainability, while positioning the country as a regional leader in
green manufacturing and technology. This would, in turn, make Malaysia a more
competitive trading nation. Investors’ confidence has also been earned through MITI’s
efforts in enhancing the ease of doing business, as well as strong public-private
collaboration to address key issues such as skilled industrial talent pipeline.
Following the keynote address, Tengku Zafrul engaged in a fireside chat moderated by
Datuk Muhamad Umar Swift, Chief Executive Officer (CEO) of Bursa Malaysia. During the
session, the Minister shared how the NSS serves in the 3-phase roadmap1for Malaysia’s
semiconductor industry to move up the value chain in the next decade, towards meeting
headline targets such as attracting RM500 billion worth of investments; establishing 10
Malaysian companies in design and advanced packaging; developing Malaysia as a global
R&D hub for semiconductors; and training and upskilling 60,000 high-skilled Malaysian
engineers.
The Minister also elaborated on MITI’s role in supporting the implementation of the GIS
towards the realisation of Malaysia’s Net Zero target by 2050, as outlined by the NIMP
2030 and the NETR.
Tengku Zafrul added, “Invest Malaysia continues to be one of the best platforms to
effectively communicate our policies and implementation updates to make Malaysia the
preferred investment destination for high quality investors.”
Datuk Muhamad Umar Swift, CEO, Bursa Malaysia, said, “It is an honour to have the Minister
of MITI, alongside key Malaysian public listed companies participate in Invest Malaysia
2024 in Hong Kong. Their collective presence exemplifies the synergistic approach
between the government and Corporate Malaysia, working together to achieve the
growth plans and aspirations under the MADANI economy framework.”
He added, “Invest Malaysia continues to be the leading capital market conversation
platform for the global investment community to fully appreciate Malaysia’s growing
position as an attractive and sustainable investment destination. Our next Invest Malaysia
will be organised in Iskandar Puteri, Johor on 26 September 2024 to highlight the Johor-
Singapore Special Economic Zone propositions.”
Invest Malaysia 2024 Hong Kong attracted over 350 investors including fixed income,
equity and private equity investors with combined Asset Under Management (“AUM”) of
over USD3 trillion (approximately RM13 trillion).
About Bursa Malaysia
Bursa Malaysia is an Exchange holding company incorporated in 1976 and listed in 2005.
It has grown to be one of the largest bourses in ASEAN. Today, Bursa Malaysia operates
and regulates a multi-asset exchange, offering a comprehensive range of investment,
capital raising, and exchange-related facilities. Bursa Malaysia is committed to its mission
of Creating Opportunities, Growing Value for the Malaysian capital market, economy, and
society. Learn more at BursaMalaysia.com.
