Business leaders assured of Malaysia's economic outlook despite weak ringgit

KUALA LUMPUR: Business leaders are assured of Malaysia's economy outlook due to its political stability, while the weak ringgit would make the country an attractive investment destination.

Berjaya Corporation founder and advisor Tan Sri Vincent Tan Chee Yioun said Malaysia's economic prospects remained positive as foreign investors were certain of the country's political stability and open landscape, more over after the next general election.

"Malaysia will do well despite the depreciation of the ringgit as it will entice foreign investors.

"It is good for exporters and the country will import less," he told a press conference in conjunction with the Asian Business Leaders Conclave themed "Moving Towards A Boundaryless Asia", here today.

Bonds Group of Companies chairman and CEO Anson Chan said Malaysia has a great education infrastructure which was the key to the country's growth.

"In the Asean region, the top three countries that I am really interested in are Vietnam, Malaysia and Thailand," he said.

Malaysia and Thailand's political uncertainties are diminishing in the run-up to their next general elections, both are expected next year, he said.

The two-day inaugural conclave beginning today is a platform for Asian business leaders and senior government officials to converge and facilitate conversations on Asia as a business hub and define their role. — Bernama