Page 125 - SC SCAR 2023 ENGLISH Flipbook

PART 4 STRATEGIC ENGAGEMENTS WITH STAKEHOLDERS
International Trade
In supporting Malaysia’s trade and economic agenda, the SC strives to ensure continued active participation in the domestic capital market while safeguarding the interest of investors and firms alike. As such, the SC places significant emphasis on international trade agreements, focusing specifically on financial services.
Towards achieving this objective, the SC in 2023 participated in negotiations of the Malaysia-Turkey Free Trade Agreement (MTFTA), ASEAN-Canada Free Trade Agreement (ACaFTA), and the ASEAN Working Committee on Financial Services Liberalisation (WC-FSL), as well as the review and enhancement of the ASEAN-Australia-New Zealand Free Trade Agreement (AANZFTA).
Invest Malaysia New York
The SC participated in the Invest Malaysia New York conference organised by Bursa Malaysia in New York City on 21 September 2023. The event, the first in the city since 2017, attracted 200 delegates in the financial and investment community including foreign fixed income, equity and private equity investors with combined 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 Ekonomi MADANI framework will re-establish Malaysia as a leading ASEAN economy. Prime Minister Dato’ Seri Anwar Ibrahim officiated and delivered the keynote address at the event.
At a panel session entitled ‘Macro Resilience and Market Insights’, SC Chairman Dato’ Seri Dr. Awang Adek Hussin spoke on how the capital market is being enhanced to help drive greater economic growth, inclusion and sustainability, in line with the aspirations of the Ekonomi MADANI framework.
The delegates were updated on the recent announcements of capital market initiatives targeting to boost market vibrancy and enhance investor access. These include automatic promotion of eligible PLCs from the ACE Market to the Main Market of Bursa Malaysia, the reduction of stamp duty, and the enabling of fractional share trading by investors through stockbrokers. Dato’ Seri Dr. Awang Adek Hussin also said Malaysia would further facilitate companies to list on Bursa Malaysia through the speeding up of the IPO process to ensure Malaysia’s competitiveness and attractiveness.
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