Malaysia must strengthen market foundations to stay competitive, says Amir Hamzah

KUALA LUMPUR, Aug 27 — Malaysia must strengthen its market foundations, enhance efficiency and increase access to capital to maintain a competitive, resilient and relevant financial and capital markets, said Finance Minister II Datuk Seri Amir Hamzah Azizan. The minister emphasized the importance of strong collaboration among various stakeholders, including regulators, financial institutions, market infrastructure providers, institutional investors, government-linked investment companies, asset managers and corporates.

Hamzah's remarks came during a keynote address delivered at an event organized by CIMB Group Holdings Bhd. CIMB Group has launched Malaysia's inaugural tokenized deposit settlement for tokenized sukuk, highlighting the country's progress in embracing digital financial solutions. A panel discussion titled "Beyond Digitalisation – How Will Malaysia Win?" was also held, focusing on the opportunities and capabilities Malaysia possesses in the rapidly evolving digital financial landscape.