8/6/2019 Malaysia One Islamic Nation That Enjoys Economic
Success Amid Peace
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Malaysia One Islamic Nation That Enjoys Economic Success Amid
PeaceJul 6, 2011By Massita Ahmad
PUTRAJAYA, July 6 (Bernama) -- Malaysia is one Islamic country
in the region that has managed its economy well amid a peaceful
environment, says economist Datuk
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 today.
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 disturbthe 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 countrywith 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 attractmore 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 ofinnovation.
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 theirmove to internationalise their research,
said Mohd Salleh.
Instead of focusing on political changes, seen by some parties
as the way, the a
ttention 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 onBursa 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
http://www.bernama.com.my/bernama/v5/newsindex.php?id=599407
