Publication Date:
Tue, 2011-04-12 15:48
Prime Minister Najib Razak says the plan will slash red tape for business approvals, accelerate financing for companies and allocate more funds for venture capital and private equity firms. He says private retirement schemes will be set up by year-end to add liquidity in the capital market.
Najib said Tuesday greater globalization could see Malaysia’s capital market grow to as much as 5.8 trillion ringgit ($1.9 trillion) by 2020, from just 2 trillion ringgit ($662 billion) last year.
Officials hope a vibrant capital market will fuel economic growth, which is expected to slow this year.
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