Malaysia a strong economy in global context, says StanChart


Malaysia stands out as a strong economy in the global context, said Standard Chartered Bank plc (StanChart) group CEO William T Winters.

“We are very positive on the Malaysian economy. Growth in 2017 was particularly strong and we expect another good year of growth this year.

“We see strong fiscal discipline, which is important, a stable and strong currency and growing exports,” he told reporters after his 30-minute meeting from 9.30am with Prime Minister Datuk Seri Mohd Najib Razak last Friday.

Also present was Standard Chartered Bank Malaysia Bhd MD and CEO Abrar A Anwar.

Winters said the bank had been active in bringing investments into the country and the view of international investors towards Malaysia was also very positive, as they were comfortable with the rule of law, economic growth and talent pool.

Commenting on the bank’s business in Malaysia, he said StanChart is looking at stepping up its involvement with key exporting industries.

“We have been very active in bringing international investments into Malaysia, including participating in a substantial way in Saudi Arabian Oil Co’s investment in the petrochemical industry here, as well as infrastructure projects such as the highspeed rail project or the East Coast Rail Line.

“These are all key projects for Malaysia and for StanChart as well,” he added.

Commenting on his meeting with the prime minister, Winters said Najib is impressed by the bank’s commitment to Malaysia, its ongoing investments here and the degree to which StanChart is helping to promote Malaysian trade and investment.