Knowledge-based economy key for Malaysia to reach developed nation status
PETALING JAYA: As Malaysia approaches its 63 year of independence, it needs to continue its transformation towards becoming a knowledge-based economy to achieve its status as a developed nation, according to Asia Pacific Investment Bank (APIB) CEO Chris Wang. He stated that the country’s economic development has been stable compared to its Southeast Asian peers […]
Three-pronged strategy to revitalise economy post-pandemic
KUALA LUMPUR: Malaysia needs to widen its fiscal deficit target, tap into the capital market for financing and attract foreign investments to revitalise the economy after the Covid-19 pandemic, China’s Labuan-registered Asia Pacific Investment Bank (APIB) says. Its managing director of the investment banking department at APIB, Adam Ho said this three-pronged strategy was crucial […]
APIB aims to cooperate with domestic financial institutions to promote Islamic finance industry
KUALA LUMPUR, Aug 17 — Asia Pacific Investment Bank (APIB) aims to cooperate with domestic financial institutions to promote the internationalisation of the Islamic finance industry. APIB chief executive officer Chris Wang is confident that APIB could be the bridge that connects Malaysia and China. “Being an offshore Islamic bank with a Chinese background, we […]
Turkey wealth fund sees Malaysia, Singapore as model as it eyes growth in Asia
KUALA LUMPUR (Aug 13): Turkey’s sovereign wealth fund is now looking for growth in Asia, as relations with the West suffer, with its chief executive officer (CEO) Zafer Sonmez describing Malaysia’s Khazanah Nasional Bhd and Singapore’s Temasek Holdings as models for the fund and “J-curve growth”. Sonmez helms the Turkey Wealth Fund (TWF), and has […]