CAN MALAYSIA BECOME A GLOBAL FINANCIAL HUB?

Malaysia's financial sector shows potential to become a global hub, with strengths in Islamic finance, innovation, stable environment, and strategic location.

Narrated by Daniel
Video Edited by iyanbriandi

Brought to you by the Behind Asian Team.

[BehindAsia]

As Malaysia develops its financial sector, it shows potential to become a leading financial hub in Southeast Asia, but challenges remain. What is your opinion on whether Malaysia can achieve this goal? Let us know down below!

[chanweiming]

Malaysia already has all the infrastructure and resources all this while. It’s loss to Singapore is due to mentality and rather poor management each time politics takes over.

[goodocean]

Rise Malaysia ASIA 💐 Malaysia boleh🎉 lovely sharing 🌸

[ReefearEapear]

Before we want Malaysia to become a financial hub, please enhance our finance security either in banks or from hackers. We learned that some hackers stole millions of accounts information from Malaysian banks. In Jan 203, we recorded 13 million data breaches mostly users from Maybank, Astro, and Election Commission.

[edmundm]

If politics are separate from business, I believed it achievable.

[theallseeingeye]

I hope it doesnt become like any of the financial capitals that had existed or still does anywhere in the world.

Matter of fact, after working in many other developed nations including Singapore, I am glad Malaysia had not rushed headfirst into " developing " and end up like the rest.

South Korea, America, Britain, Japan and Singapore are overworked and overstressed to ensure the facade of materialistically medicating the spirit is maintained.

Everyone is a serf under corporate technofeudalism after which they can be whatever they want.

[xcjsmith]

As a Malaysian, Malaysia is always been a great investment location but our politician is famous for kleptocracy and corruption is rampant. Compared to Sg, we can be better but years of corruption and special privileges to the wealthy, all the wealth is being funnel to a elite few in the name of helping the poor. Many failed economic policy had lead the nation poorer and poorer.

[Yasin_Affandi]

Thank you for this wonderful video, for also sharing your in-depth insights on Malaysia as a financial hub.

[apakansaja]

Singapore caters for Western Financial Hub. Malaysia will cater for Islamic and Brics Financial Hub. How the World has changed.

[askarsepoi]

geographically and economically Malaysia will be the best. Even anyone may invest everything in Singapore but living peacefully in Malaysia. But to be safe, don't put all the eggs in one bucket. Put it in Bangkok, KL and Singapore will be better.

[leealex]

Malaysia should follow Switzerland path. Wealthy but very high standards of living. I rather live in a country where I earn US$5000 a month but I have nice car and big landed house compared to US$10, 000 and I cant afford a car and live in a 300 sq ft apartment.

[atreports]

Malaysia's financial sector shows potential to become a global hub, with strengths in Islamic finance, innovation, stable environment, and strategic location.

[chookeongneoh]

Remember, Malaysia (or Malaya before 1957) was one of the Asian tigers a few decades ago, even ahead of South Korea then. Owing to weak and misguided governance our standard of living in this country went downwards. Now with perceptible enlightenment in our new leaders, Malaysia is starting its way up again. If we can shut out destructive sugar-coated interference from the West and follow the way of peace and development in tandem with our neighbours and smart China, we can and we will go a long way to securing prosperity and happiness for all people in this part of the world. This is the ideal we have been hoping and dreaming for -- for so long! Dr. Neoh C.K.

[penukulbesi]

Malaysia had a Bumiputera bank in 1965, and it became a strong and enviable bank, but until 1983, it fell when Malaysian politicians, with the cooperation of tycoons from Hong Kong, destroyed the bumiputera bank institution because billions of dollars of loans were not paid due to corruption.

[bladeqmaster]

No need to hurry. We don't want everything to be expensive like Sg. Maybe if just KL or Penang.

[theanhoe]

Better to focus on high tech sustainable tropical agriculture with proper soil management. Better to grow rich feeding others.

[lindadorman]

Malaysia will need to become more expat-friendly if they hope to become a global hub and financial powerhouse. Currently, it is very complicated to get a long-term visa such as De Rantau digital nomad visa, MM2H or other program. Application reviews and approvals are difficult and time-consuming with long delays and too many changes. But it would be great if that could be improved!

[sssteel]

Malaysia has all the infrastructures but lacks in a skilled and committed workforce, which affects its productivity. These could be due to its political stability. Weak government is normally resorted to quick fixes than planning anything long-term.

[zafir]

Malaysia is already a leader in Islamic Finance. We shoukd just focus in this. The popularity of Islamic Banking and Finance is gaining and growing.

[AlanRaz]

Malaysia can be finacial hub but must kick all stupid politician BN PH PN out first. Politician make Malaysia unrest.