M'SIAN PM:"SWIFT, EFFECTIVE ACTION" TO DRIVE ECONOMY

KUALA LUMPUR, April 12 (Bernama) -- Prime Minister Najib Razak is expected to tell an international audience Tuesday that real action, not just talk, is needed to ensure Malaysia's economic boom continues.

He is also expected to set out plans, at Invest Malaysia 2011, the next stage of the country's economic reform following the success of the Capital Market Master Plan which concluded earlier this year.

Najib, who is also finance minister, will promise "no distractions, no delays, just swift, effective action" to maintain momentum and continue Malaysia's economic transformation.

The prime minister will deliver his keynote address at the annual
conference, which is expected to draw more than 850 delegates representing 200 corporations, from around the world.

He is expected to highlight several salient points in his much-awaited speech which will, among others, touch on Malaysia's RM2 trillion capital market.

Malaysia'stock market is home to more public listed companies than any other inside Asean, the bond market is the third-largest in Asia when benchmarked against the Gross Domestic Product and the country's Islamic capital market leads the world.

"But, we all know that the economic challenges facing Malaysia in 2011 are very different to those we faced in 2001."

"It's very easy to make announcements, to publish strategies and to issue grand-sounding statements, but if you actually want to change things you have to take action.

"You have to deliver. That's why here in Malaysia we don't just talk about creating an environment that is good for business, we go out there and make it happen," said a statement quoting excerpts from his speech.