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Bank Negara is correct!
In in my personal opinion, the Malayan economy will depend on commodity, trading, advance manufacturing and financial investment opportunities.|
This would include making Super Center of Malaya a good city to work, live and entertain. OUr access to cheap consumeables, durables while being easily accessable by AIRLINEs, CRUISE ships, RAIL, ROAD links will enhance TOURISM, BUSINESS HQ locating. Getting Air Asia and Mas to be low cost carrier is a GOOD IDEA!
Another area must be OPEN SKIES for all comers! We should encourage RICH VISITORs from China, Japan, Korea, Taiwan, Hong Kong, Arab, Persia, Australia, Europe! This will ensure more REGIONAL HQ be set up in Kuala Lumpur!
We must make more efficient to build office buildings, hotels (4 and 5 star), resorts, serviced apartments, entertainment outlets.
Now we have PETRONAS, and FELDA with net profits in the region of US$10 billion a year. We can have BUMIPUTRA share in Malaysia maintained at 30% by slowly injecting pieces of Petronas and Felda while making it easier for companies in Borneo, Vietnam, Thailand, Indonesia to list in our stockmarket.
We can have a 4 board stockmarket. First is Main Board, second is Small counters, and third is Mesdaq. I suggest a fourth counter, INTERNATIONAL companies. This includes companies which have at least 51% of the business overseas, and this should not included in the NEP calculation targets! ie. we can list Petronas in 2 to 10 tranches....Petronas International could be listed on FOURTH BOARD, while Petronas Borneo, Peninsular, Petronas Retail etc. etc....
That way, we maintain 30% calculation without arousing unhappy sentiments among Malayans!
We simplify admission in the INTERNATIONAL 4th board!
We can also have an INTERNATIONAL ISLAMIC 5th board!
For Banking, we can do likewise.
OFFSHORE or INTERNATIONAL banking!
Malayan future lies in TRADE, COMMODITIES, ADVANCE MATERIALS, CITY CENTRE SERVICES, some processing and assembly expecially in Riau Johor region!