The 3rd National Economic Summit

 

Malaysia’s economy is expected to have grown at a faster pace in the fourth quarter, supported by its oil and commodity exports after over a year of tepid global demand that bodes well for a more durable recovery over 2017.

 

Rebuilding investor confidence in Malaysia’s economy is key for continuous success and attract more foreign investments into the country and to overcome negative international perception.

 

The median forecast in a Reuters poll of 14 economists was for 4.5% annual growth in October-December 2016, better than the 4.3% expansion over the previous quarter. This forecast matches the growth rate achieved in the fourth quarter of 2015, and some economists say the positive momentum puts South-East Asia’s third-largest economy on track for a modest recovery.

 

There were also signs of a pick-up in external trade with December 2016 exports up 10.7% year-on-year on a strong recovery in shipments of crude oil, petroleum products and palm oil and palm-based products. Sustained private consumption and resilience in the services sector will also provide encouraging signals that recovery will sustain in 2017. However, a fragile ringgit currency, and lingering uncertainty around US President Donald Trump’s economic and trade policies pose risks to the outlook. The ringgit tumbled sharply towards the end of 2016, prompting Bank Negara to clamp down on offshore ringgit trade and introduce steps to boost onshore ringgit trade.

 

However, there remains challenges that Malaysia must face on the road to recovery. The challenges faced today are attributed to factors such as modest global growth due to sluggishness in the largest economies including the U.S., Euro zone, Japan, UK, Canada and China–plus economic challenges in huge emerging markets particularly Russia, Brazil and Saudi Arabia—push down global demand further.

 

Protectionist policies particularly in trade-reliant nations and the impact of low global commodity prices, especially Malaysia's major ones such as oil and gas, and palm oil and rubber, are among factors that should be addressed.

 

Other contributing issues like the rise of ethnocentrism, racism, xenophobia, and ongoing risks of terrorist acts and other geopolitical risks worldwide are also dampening factors that will influence Malaysia’s economic development.

 

This 3rd National Economic Summit jointly organized by the Asian Strategy & Leadership Institute (ASLI), a leading private sector Think Tank, and by the Malaysian Economic Association (MEA), is indeed apt and timely to reconsolidate and to regenerate investments into the region as to enable Malaysia to regain its competitive edge. This summit with the relevant theme focusing on Malaysia’s Economic Future at a time of uncertainty and volatility will enable top government and business leaders, academicians, researchers, diplomats and policy makers to:

  • Take stock of the shape of the global recovery and outlook for Malaysia
  • Assess global and regional economic and strategic trends.
  • Assess the policy shifts and their impact on Malaysia's prosperity and stability
  • Evaluate Malaysia’s competitiveness and investment opportunities
  • Review threats to Malaysia’s future peace, stability and prosperity
  • Inclusivity and good governance practices to bring back public confidence towards the integrity of the government
  • Structural issues of the New Economic Model (NEM) and recommendations to resolve them

WHO SHOULD ATTEND

  • Business leaders with current and potential investments in the Malaysian economy sectors
  • Ministers, policymakers, political leaders, senior government officials and key economy exporters
  • Business specialists – business professionals, mid-level managers,business development managers, analysts, risk professionals inindustrial sectors and financial institutions
  • Owners of business enterprises

WHY ATTEND

This summit will enable CEO’s, senior government officials and strategic thinkers as you:

  • To discuss and debate the key developments, corporate realities and changing environment.
  • To help participants rethink their purpose, priorities and strategies.
  • To help to shape the future business environment of the country over the next few years
  • To explore the strategic trends that will impact on governments,companies and societies.
  • Provide the opportunity to interact with and build relationships with other like-minded leaders.