Malaysia's strong presence in the electrical and electronics (E&E) sector positions it as a major beneficiary of global supply chain disruptions, said Finance Minister II Datuk Seri Amir Hamzah Azizan. The country accounts for approximately 7% of global trade in E&E and 17% of the global semiconductor market.
"The goal is to ensure Malaysia remains a comfortable choice for these companies by building a skilled talent pool, strengthening supply chains, and improving logistics infrastructure," he stated, highlighting the government's efforts to create a robust ecosystem to attract and retain multinational corporations.
Speaking during a Fireside Chat Session at the 63rd World Federation of Exchanges (WFE) General Assembly and Annual Meeting, Amir Hamzah outlined Malaysia's economic framework reinvention, focusing on aligning the real economy with developments in the capital market.
"What's critical for the capital market is its role in facilitating growth—providing businesses with the capital they need to expand, opening up opportunities across various market segments, and accelerating economic progress for Malaysians," he said.
The finance minister also pointed to Malaysia's impressive economic performance this year, with growth averaging 5.2% over the first three quarters. Bursa Malaysia has seen increased vibrancy, with the FTSE Bursa Malaysia KLCI surpassing the 1,600-point mark and total market capitalisation exceeding RM2 trillion.
He noted the introduction of 46 new initial public offerings (IPOs) across the Main Market, ACE Market, and LEAP Market, calling it a sign of "strong connectivity within the market pipeline." Additionally, 11 companies transitioned from the ACE Market to the Main Market, which he described as a "healthy progression up the market chain."
Amir Hamzah expressed optimism about the nation's market prospects, emphasising the role of government-linked investment companies (GLICs) in channelling funds into private markets.
"By investing in such initiatives, we are building long-term resilience for the domestic economy," he added.
The minister said Malaysia is working to elevate its industries to foster wealth creation, ensure equitable prosperity distribution, and promote growth across diverse sectors to propel the nation forward.
