At the SC-World Bank Conference 2024, Deputy Minister of MITI, Liew Chin Tong, emphasized the crucial role of Malaysia’s capital markets in empowering MSMEs and supporting the nation’s “second economic takeoff.” He linked the Madani Economy Framework and the New Industrial Master Plan 2030 to efforts aimed at building a robust, technology-driven economy.
Capital market
Liew highlighted that Malaysia’s unique position in global supply chains offers an opportunity to benefit from the relocation of businesses away from China. However, challenges remain, including achieving sustained high growth, mobilizing capital for innovation, and fostering globally competitive technology companies. He called for collaboration across government, industries, and financial markets to seize this “once-in-a-generation” opportunity and elevate Malaysia as a regional economic powerhouse.
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