Wednesday, 3 July 2013

Malaysia needs to relax its foreign ownership policy: Jim Rogers

Malaysia needs to relax its foreign ownership policy in order to maintain the country's position as an attractive investment destination in Asean, says an expert. "When people think of Malaysia, they think the government owns or controls a major portion of the economy," said American investor and author Jim Rogers. He added that the government should grant incentives to Malaysians who invest in companies that are privatised to speed up demand from investors. "Assets disposed are sometimes better off in the hands of the private sector rather than with the government. "International investors can go anywhere, and they don't go to places where there are restrictions and problems, they prefer the open, exciting and dynamics places."If you want to invest in a bank in the United States, you just pick up bank bonds. There is no restriction on how much you can own and in how many banks, you can own whatever you want," Rogers added. (Bernama)

Source: CIMB Daybreak - 03 July 2013

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