ID :
36903
Mon, 12/22/2008 - 09:37
Auther :
Shortlink :
https://oananews.org//node/36903
The shortlink copeid
DEPUTY FINANCE MINISTER CALLS FOR USE OF MULTIPLE CURRENCIES IN MALAYSIA EXCHANGE
IPOH (Malaysia), Dec 22 (Bernama) -- Deputy Finance Minister Ahmad Husni
Mohamad Hanadzlah has called for the use of multiple currencies in Malaysia
Exchange to draw more foreign companies.
He said many investors who previously focused on United States and
Europe to do business and invest were now thinking of shifting to other
countries after the economic downturn.
Malaysia should seize this opportunity by drawing them to the country, he
told reporters after inspecting the construction of a new building of Medan
Klebang Restu Mosque near here Sunday.
"Allowing the use of multiple currencies in sale and purchase transactions
will bring people and companies worldwide to Malaysia Exchange.
"Through the efficiency in handling a more sophisticated and effective sale
and purchase system, the whole world will converge here," he added.
He said the companies listed on Malaysia Exchange should also carry out
reforms by enhancing their performance to strengthen their profits, assets and
management ahead of future uncertainties.
Mohamad Hanadzlah has called for the use of multiple currencies in Malaysia
Exchange to draw more foreign companies.
He said many investors who previously focused on United States and
Europe to do business and invest were now thinking of shifting to other
countries after the economic downturn.
Malaysia should seize this opportunity by drawing them to the country, he
told reporters after inspecting the construction of a new building of Medan
Klebang Restu Mosque near here Sunday.
"Allowing the use of multiple currencies in sale and purchase transactions
will bring people and companies worldwide to Malaysia Exchange.
"Through the efficiency in handling a more sophisticated and effective sale
and purchase system, the whole world will converge here," he added.
He said the companies listed on Malaysia Exchange should also carry out
reforms by enhancing their performance to strengthen their profits, assets and
management ahead of future uncertainties.