ID :
193228
Wed, 07/06/2011 - 12:34
Auther :
Shortlink :
https://oananews.org//node/193228
The shortlink copeid
M'SIA ONE ISLAMIC NATION THAT ENJOYS ECONOMIC SUCCESS AMID PEACE
PUTRAJAYA, July 6 (Bernama) -- Malaysia is one Islamic country in the region
that has managed its economy well amid a peaceful environment, says economist
Mohd Salleh Majid.
The former President of the then Kuala Lumpur Stock Exchange or Bursa
Malaysia now, said that both its land and sea based natural resources have been
managed well and this should continue to remain so.
"Looking at the Middle East, several Islamic countries still continue to
face conflicts amid internal political crisis that have yet to be resolved," he
told Bernama here Wednesday.
Mohd Salleh said this when asked to comment on the upcoming July 9 rally in
Kuala Lumpur.
Following calls by several parties, that have said that the rally could
disturb the country's economy as well as jeopordise foreign and domestic
investments, the demonstration will now be held in a stadium.
Mohd Salleh said the rally would definitely attract foreign media to the
country with reports that would generally paint a negative picture of Malaysia.
"Malaysia is one more Islamic country that has a strong economy. Just look
at Pakistan, Afghanistan, Yemen, Libya and Syria. Can our economy expand and
attract more investments if there are to be conflicts every day?
"We have to be conscious and careful of external elements that may try to
destroy what has been achieved so far."
He also said Malaysia should follow more the examples set by the
Scandinavian countries that do not "make noise" but instead build up their
countries by way of innovation.
The Scandinavian countries enjoy some of the highest per capita income in
the world although their population and economy are small.
This is because of the high investments in innovation, specialisation and
their move to internationalise their research, said Mohd Salleh.
Instead of focusing on political changes, seen by some parties as the way,
the attention should be on transforming the economy with new and constructive
ideas that could bring on Malaysia to further progress, he said.
Meanwhile, the local stock exchange market indicator FTSE Bursa Malaysia
KLCI (FBM KLCI), which hit a record high of 1,582.94 recently, is expected to
sustain its momentum and end the year at the projected 1,650 level.
Generally, the country's market research companies are expecting share
prices on Bursa Malaysia to retain its uptrend with participation from foreign
investors.
MIDF Amanah Investment Bank in a recent statement said foreign funds have
been attracted by the government's economic transformation plan and projects
which are expected to see higher actitivity levels in the second half of the
year.
--BERNAMA
that has managed its economy well amid a peaceful environment, says economist
Mohd Salleh Majid.
The former President of the then Kuala Lumpur Stock Exchange or Bursa
Malaysia now, said that both its land and sea based natural resources have been
managed well and this should continue to remain so.
"Looking at the Middle East, several Islamic countries still continue to
face conflicts amid internal political crisis that have yet to be resolved," he
told Bernama here Wednesday.
Mohd Salleh said this when asked to comment on the upcoming July 9 rally in
Kuala Lumpur.
Following calls by several parties, that have said that the rally could
disturb the country's economy as well as jeopordise foreign and domestic
investments, the demonstration will now be held in a stadium.
Mohd Salleh said the rally would definitely attract foreign media to the
country with reports that would generally paint a negative picture of Malaysia.
"Malaysia is one more Islamic country that has a strong economy. Just look
at Pakistan, Afghanistan, Yemen, Libya and Syria. Can our economy expand and
attract more investments if there are to be conflicts every day?
"We have to be conscious and careful of external elements that may try to
destroy what has been achieved so far."
He also said Malaysia should follow more the examples set by the
Scandinavian countries that do not "make noise" but instead build up their
countries by way of innovation.
The Scandinavian countries enjoy some of the highest per capita income in
the world although their population and economy are small.
This is because of the high investments in innovation, specialisation and
their move to internationalise their research, said Mohd Salleh.
Instead of focusing on political changes, seen by some parties as the way,
the attention should be on transforming the economy with new and constructive
ideas that could bring on Malaysia to further progress, he said.
Meanwhile, the local stock exchange market indicator FTSE Bursa Malaysia
KLCI (FBM KLCI), which hit a record high of 1,582.94 recently, is expected to
sustain its momentum and end the year at the projected 1,650 level.
Generally, the country's market research companies are expecting share
prices on Bursa Malaysia to retain its uptrend with participation from foreign
investors.
MIDF Amanah Investment Bank in a recent statement said foreign funds have
been attracted by the government's economic transformation plan and projects
which are expected to see higher actitivity levels in the second half of the
year.
--BERNAMA
