NUR-SULTAN, Kazakhstan: Malaysia has been urged to find solutions to strengthen its potential as a financial hub, as the country is seen as having remained stagnant in this regard, for some time now.
London-based commercial think-tank consultancy and venture firm Z/Yen Partners Ltd director Mark Yeandle said the development of Malaysia as a financial hub had stagnated, albeit a number of potential advantages, such as a huge Muslim population.
“I think there is a lot of development that still needs to happen. People are always talking about the levels of corruption, and some things seems to be holding the country back from realising the potential.
“There is nothing basically or intrinsically wrong, but it seems to be taking longer than it should. The Malaysian government needs to evaluate the strengths and weaknesses of the financial hub,” he told Bernama.
