Published: 2009/10/23
PRIVATE sector financing through the banking system and capital market is expected to increase in the country as economic growth gains momentum amid a liberalised financial sector.
The Ministry of Finance in the 2009/2010 Economic Report released here today, said the liberalisation measures are expected to further boost the competitiveness of Malaysia's financial and capital markets.
Meanwhile, it added that a proposed private pension scheme, will enable more savings to be intermediated through the capital market and provide an additional retirement scheme.
Among the measures taken by the government to enhance the capital market include the reducing of time-to-market for companies to raise funds, a new framework for listings and equity fund raising as well as the introduction of the multi-currency securities framework to suppport listing, trading, clearing and settlement of non-ringgit securities. - Bernama