The World Economic Forum 2015 (WEF 2015) which started today is a vital international stage in executing Malaysia’s strategy in coordinating the country’s economy in line with the current global challenges.
This is inline with the forum’s theme and itinerary which focuses on the new global dynamic concept.
“With the announced move, InsyaAllah (God willing) MITI will plan a specific action to ensure the current account of payment balance is in surplus.
“In the year 2014, the level of our investments were good and we want to maintain the situation and have more aggressive promotions,” said International Trade and International (MITI) Minister, Datuk Seri Mohamed who arrived earlier in Davos.
As a country which practices an open economic policy, Malaysia’s promotion as a chosen investment and economic development centre, is seen as an advantage during this current unstable global economic situation.
According to Mustapa, a vital focus of Malaysia's efforts in attracting the attention of business leaders and world-leading investment in Davos this time is to offer potential prosperity for Asean economic community.
“This year as Asean chairman, we want to achieve a community standard by declaring Asean as a community. Thus the Prime Minister's attendance is vital.
“First, we want to promote or increase Malaysia’s profile. Second, to stress Asean's role in the global economy,” said Mustapa.
The delegation of 40 Malaysian representatives to WEF2015 is the largest participation in the country’s history.
The overall registration sees the attendance of 2,800 participants, 50 country leaders and 300 ministers, the highest so far.
Mustapa is confident that the forum will bring big returns to the country.
“Davos is a place which gathers world leaders, political leaders, corporate leaders, media leaders. We have even managed to attract several investments to Malaysia during previous meetings held in Davos,” said Mustapa when met by Astro AWANI at Hotel Panorama, here.
The prime Minister’s attendance in Switzerland begins tonight with several meet and greets sessions with influenced leaders.
Kamarul Bahrin Haron
Wed Jan 21 2015
The world's financial and political elite will head this week to the Swiss Alps for 2015's gathering of the World Economic Forum at the Swiss ski resort of Davos. - AP Photo/Michel Euler
Who is Prabowo Subianto, incoming president of Indonesia?
A wealthy ex-general with ties to Indonesia's popular outgoing president and its dictatorial past, looks set to be its next leader.
Iran's supreme leader says Hamas leader's death will not halt 'Axis of Resistance'
The "Axis of Resistance", built up with years of Iranian support, includes Hamas, the Lebanese Hezbollah group, the Houthi movement in Yemen, and various Shi'ite groups in Iraq and Syria.
Putin says Russia willing to seek compromises between Iran and Israel
Russia is ready to help seek compromises between arch-foes Israel and Iran, President Vladimir Putin said on Friday, saying these would be difficult but possible.
What proposals will Russia push at the BRICS summit?
The proposal is also to establish a BRICS reinsurance company to allow uninterrupted shipment of goods and key commodities between members.
Indonesia's free meals plan in the spotlight as Prabowo readies for office
Prabowo calls the programme one of the main drivers of economic growth, eventually set to add an estimated 2.5 million jobs.
Astro AWANI's revamped English news website, AWANI International, launches on Oct 21
Astro AWANI's revamped English platform delivers in-depth global news and expert analysis to keep you informed on key developments.
Israeli strikes kill 33 people in Jabalia refugee camp in Gaza, medics say
Residents of Jabalia said Israeli tanks had reached the heart of the camp after pushing through suburbs and residential districts.
Liam Payne's ex-partner calls for media restraint after 'painful' death
Cheryl Tweedy used her statement to urge the media to remember they had a seven-year-old son, Bear, who could read the reports.
Analysts: Indonesia's strong MoF leadership team to boost investor confidence
Sri Mulyani Indrawati as head of Indonesia's Ministry of Finance is expected to instil confidence among investors.
Biden offers both a carrot and a stick to Israel as his term nears an end
Israel has frequently resisted US advice and has caused political difficulties for the Biden administration.
Putin says BRICS will generate most of global economic growth
Russian President Vladimir Putin will host a summit of the group in the city of Kazan on Oct. 22-24.
ISIS Malaysia's perspective of Budget 2025
An excellent rakyat-centric budget under the overarching principle of a caring and humane economy.
Budget 2025: Record increase in STR, SARA aid initiatives
The government will provide a significant boost to the Sumbangan Tunai Rahmah (STR) and Sumbangan Asas Rahmah (SARA) initiatives next year.
Budget 2025: EPF contributions to be made mandatory for foreign workers – PM Anwar
The government plans to make it compulsory for all non-citizen workers to contribute to the Employees Provident Fund (EPF).
What policies to expect from Indonesia's new President Prabowo
Prabowo will be open to foreign investment, his aide has said, such as by offering investors management of airports and sea ports.
Budget 2025: Govt allocates RM470 mil to empower women's participation in PMKS
The Women's Leadership Apprenticeship Program will be intensified as an effort to produce more female corporate personalities.
Israel sends more troops into north Gaza, deepens raid
Residents of Jabalia in northern Gaza said Israeli tanks had reached the heart of the camp, using heavy air and ground fire.
Indonesia ramps up security ahead of Prabowo's inauguration
Prabowo Subianto will be sworn in as Indonesia's president on Sunday with Vice President-elect, Gibran Rakabuming Raka, also taking office.
Immediate allocation of RM150 mil for local authorities, DID to tackle flash floods
Datuk Seri Anwar Ibrahim said this allocation is intended to address the recent flash floods that hit the capital and several major towns.
Budget 2025: Sabah, Sarawak to continue receiving among highest allocations - PM
Sabah and Sarawak continues to be prioritised under Budget 2025, with allocations of RM6.7 billion and RM5.9 billion respectively.