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
Inquiries: [e-mail]
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!

[@nurulnajdahnasruddin]

First

[@samandiaanjir]

​@@leealex24 i agree with you Malaysia doesn't have the capacity to become a global financial hub yet

[@leealex24]

​@@samandiaanjirStart with regional ASEAN and Asia

[@Malaysian07091]

​@@samandiaanjir Malaysia have the potential but must start from root! which mean need to start from underground after that we can reach ground level and after that we finally reach the level that we dream of

[@ramumanickam1643]

If racist NEP malay policies are abolished malaysia can definitely become a global financial hub

[@chanweiming5501]

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.

[@lingth]

corruption, 1MDB, and the "Missing Navy Frigates" paid for but never built. unless Corruption is weeded its hard for Finanical to grow.

[@marvelcomiks8078]

Malaysia is already a regional financial hub under 6 decades of Islamic leadership. Otherwise how to embezzle billions in the 1MDB? Even Goldman Sachs was hauled to court. Without the money how to embezzle? Clearly Malaysia is poised to become the region's financial hub with its easy access to money, directly or indirectly. One can get easy access to money whether or not it belongs to you. Malaysia welcomes all investors to come anytime. Country garden forest city is another famously large investments that foreigners have invested in Malaysia. Billions. And today it remains a suck-cess-pool story, with its god forsaken empty lands and houses and algae stained walls.

[@contrarian2496]

Not just that, Singapore's location is much better than Malaysia's. As a hub, locality is important, Singapore started off as a shipping hub, then it became aviation and financial hub of South East Asia, Singapore is currently competing to be the technology hub as well.

[@hakeemsaed1189]

its just the west prefer Singapore .. in reality Singapore has no water no food no land !! Malaysia is a real country .

[@leealex24]

@@hakeemsaed1189 Go east then.

[@goodocean8925]

Rise Malaysia ASIA 💐 Malaysia boleh🎉 lovely sharing 🌸

[@edmundm6388]

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

[@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.

[@AlbertLimKualaLumpur]

Hackers & Data breaches happened all over the world. In fact, Data Breaches & hacking are higher numbers in Spore. Go google the blunders of OCBC Spore.

[@apakansaja8505]

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

[@nimay13]

Money is money. I think because competition against Singapore is too strong, it makes sense for Malaysia to be looking at other areas.

[@sart3735]

@@nimay13 Islamic yes but BRICs there are better candidates for hub.

[@Y3llow_Submarin3]

@@sart3735 why not dubai & Qatar ?

[@sart3735]

@@Y3llow_Submarin3 I say msia has a better chance with Islamic, doesn’t mean Qatar and Dubai can’t compete.

[@leealex24]

Malaysia focus especially in core growth areas like Klang Valley and Penang should be on being a commercial, manufacturing and technology hub. That's more achievable because these two areas are already very strong.

[@leealex24]

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.

[@munsifhusni7745]

Exactly 💯

[@leealex24]

@@munsifhusni7745 Hope all Malaysians together with our like-minded foreign friends who are based here can achieve this together in KL and Malaysia. Imagine a Malaysia where GDP per capita (US) is US$25,000 but, everyone can drive nice cars, own relatively big properties yet can easily travel overseas once a month if need too easily thanks to AirAsia :)

[@secrets.295]

Well if you think Switzerland has a lot of big landed housing, you are wrong. Lol. And a lot of Swiss dont own a car, they used public transport.

[@shurenraorao4850]

​@@secrets.295cause they don't have the 'need' to buy a car

[@theallseeingeye9388]

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.

[@akmalhafiz8763]

We actually known for our last minute thing, if you know what I mean.

[@leealex24]

Bro, 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 house compared to US$10,000 and I cant afford a car and live in a 300 sq ft apartment.

[@gkdijeiwhheuheyhwygwyhgst5308]

​@@leealex24 but the Swiss also complained about the rise in cost of living in their own country 😂 I hope you will succeed in finding the perfect country to live in this world 😊

[@theallseeingeye9388]

@@akmalhafiz8763 hey like everyone else, we got certain low points that could look better for sure.

[@theallseeingeye9388]

@@secrets.295 u lost me at Americans r lazy. I thoughy the popular stereotype was Americans are workaholics who continously on the ball and at work if compared to Europe or Asia. Perhaps you refering to gen tik tok and gen Z? Its not surprising if people in the corporate sector are overworked. The age of accountants whom are only concerned about the numbers swamping the board of directors had led to where things are at the moment. It used to be semi skilled and entry level tech jobs which saw one position carry the responsibilities of two. Now its the norm blanketing the exec positions right up to the upper management, atleast in Sg and Malaysia too. Asia side, nearly every one I know are doing tasks and jobs that wasnt part of their jobscope to begin with. Many take the extras back home. Some even make it a monthly habit of staying home for a day or two just to clear the extra shit. Monthly reports, charts and all kindda BS. And end of the day, most corporate jobs are bullshit anyway.

[@zhen86]

Malaysia aiming to be financial sector hub for Southeast Asia is like Singapore aiming for 2034 World Cup

[@xcjsmith5310]

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.

[@marvelcomiks8078]

Malaysia is already a regional financial hub. Otherwise how to embezzle billions in the 1MDB? Even Goldman Sachs was hauled to court. Without the money how to embezzle? Clearly Malaysia is poised to become the region's financial hub with its easy access to money, directly or indirectly. One can get easy access to money whether or not it belongs to you. Malaysia welcomes all investors to come anytime. Country garden forest city is another famously large investments that foreigners have invested in Malaysia. Billions. And today it remains a suck-cess-pool story, with its god forsaken empty lands and houses and algae stained walls.

[@contrarian2496]

Unless Malaysia manages to catch J Low, as he robbed the country of billions of dollars from 1MDB corruption.

[@leealex24]

Bro, 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 house compared to US$10,000 and I cant afford a car and live in a 300 sq ft apartment.

[@Iceyfire12]

And the Current PM has always been funded by the NED US Gov! So now it’s control by a puppet! They almost succeeded in Thailand with Thanatorn!

[@bboysjb]

you guys no have any idea how big the Islamic and halal hub in economic contribution and Malaysia on the top spot in this industry second is Saudis and serve 1.8 billions muslim of various ethnic background around the world. that new sectors that sg will not cope with

[@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.

[@Yasin_Affandi]

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

[@Yasin_Affandi]

My thoughts exactly as yours. Now, Singapore may be ahead of Malaysia at this point of time, however, Malaysia has all the future potential to become a more successful developed financial hub. What's needed right now, is for the top Malaysian leaders to stay focus, prudent and more resilient towards managing the people, its wealth and resources. But right now, the political situations are not perfectly in balance, quite some mess in disguise. Our new Prime Minister has plenty to do, not just reformations. And I'm not sure he's seeing the bigger picture.

[@atreports]

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

[@leealex24]

It can be financial hub for ASEAN

[@BeeBeefy]

Promising, of the political situation becomes stabler, less corruption follows. Fingers crossed

[@ifuknjk]

never happen ..wall street in ny is inland

[@chanweiming5501]

Malaysia has too many goons in politics. Shape up

[@ifuknjk]

@@chanweiming5501 malaysia has 2 many career politicians looking 4 a day job n monthly salary

[@ainulzero]

Selagi politik malaysia tak stabil, selagi tu duit takut nak mai.

[@AlanRaz84]

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

[@dzvw]

Yeah. Getting really sick of those clowns.

[@TheZaman_]

negara lain same jer.. ahli politik mmg mcm tu

[@aqilazaim5210]

If we do not have politician then what? absolute monarchy like Brunei? Very ‘transparent’ and ‘successful’ indeed

[@TheZaman_]

@@aqilazaim5210 well we can have iron fist govt like Singapore that proven successful.. oppress opposition and people voice is suppress. look ok to me.

[@majasatri]

Kat singapore lepas bapak jadi PM.. jawatan PM bleh plak turun ke anak...lepas tu syrikat strategik kerajaan macam Temasik atau equal to Khazanah di Malaysia dipegang olh suku sakat PM Lee...dia org juga masih ada ISA utk senyapkan rakyat...kalau kat Malaysia lama dah kena tendang kalau kerajaan mcm ni...

[@chookeongneoh3740]

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.

[@malayafreespirit1905]

malaysia was never asian tiger. lot of people has this fact wrong because of politician propaganda. malaysia was and up till now, have the status of only the tiger cub. you can try to find the fact if you dont believe me

[@sart3735]

Msians are delusional. Invent your own history. Msia was never a tiger in 1950s. In fact Sg was already the “city “ in the old Malaya. Ask Mahathir, he was seen as msian kampong boy when he studied in Sg.

[@malayafreespirit1905]

@@sart3735 they are delusional due to being brainwash by politician intending to instill that malaysia had bygone era of advance economy to toppel the government of the day.

[@chookeongneoh3740]

@@sart3735 To the above contributors, thank you for your input. NCK.

[@Funktastico]

Sugar coat much? No peace with China who is still after their 9 dash line territorial claim on almost entire South China Sea towards Malaysian waters.

[@rizalsruss9433]

Answer is no… as long as SG is still more efficient, malaysia will always be a niche financial hub, focusing more on islamic finance..

[@lastangel3017]

Singapore always be very strategic location, thats why british love singapore

[@theanhoe72]

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

[@bladeqmaster]

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

[@zhen86]

LOL, you earn Rm 1800, go out eat 8rm, any electronic is the same price as Singapore( and I mean in SGD.) Your currency sucks that why you find SGD expensive.

[@shurenraorao4850]

We don't want to be the next SG. We are trying to be the next European country which has a high quality of life. That's what we are aspiring to achieve. I wish the high quality of life for my Malaysian people.

[@marujeman123]

I dont want Malaysia to become Singapore. We are already happy as it is. Nobody wants to be overworked and stress all the time.

[@Y3llow_Submarin3]

SG work culture is not that bad as we thought, the only overworked ppl are foreign labour like everywhere

[@dargekko5041]

Malaysia banks do not accept foreigner visitors to open account. It will be hard to advance

[@AlbertLimKualaLumpur]

Where did you get this info? Your comment is incorrect

[@dargekko5041]

@@AlbertLimKualaLumpur first hand experience

[@hafizhassan9786]

Amy countries in the world wont simply accept foreign visitors to open a bank account unless you are on student visa or work permit. Sama applied to any developed countries eg UK, Europe, USA etc for security purposes. All bank becoming stricter due to money laundering, terrorism acts etc

[@jakemir558]

Incorrect statement. Pls get your facts corrected.

[@zafir7007]

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.

[@DK26KM]

Dont get too complacent and focus everything on one sector. Thats a typical rookie mistake.

[@shurenraorao4850]

​@@DK26KMso true, we should be focusing on multiple sectors.

[@almujanad9926]

It's a multiracial country. Accept & Respect this first for the success of countries economy. If not, just keep dreaming with your BS.

[@mho4228]

Because of BRICS, Singapore have leans towards China or Malaysia will take it place as Financials hub in the region.

[@lindadorman2869]

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!

[@leealex24]

Is it better now?

[@charms9191]

Aim high and dream big. Malaysia is going to be the next super power.😅

[@leealex24]

Bro, 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 house compared to US$10,000 and I cant afford a car and live in a 300 sq ft apartment.

[@muaffzone3315]

No, MY cant be a superpower. Why? Because MY population just 30m. What are the similarity between US, China and Russia? High of population. So like now india, philippines or indonesia they can become a superpower if they know to use their advantages. As for MY, we dont need to become a superpower. Let our children have a prosper and peaceful already enough for us.

[@leealex24]

@@muaffzone3315 Malaysia don't need to aspire or be a superpower, just be wealthy, competitive and happy country with high standards of living will do. If all goes well, Malaysia will have US$20,000 GDP per capita by 2030 with about US$700bn GDP. It's good enough for us and I'm happy. We can be kindda like the Australia of South East Asia.

[@sart3735]

🤣🤣🤣

[@shurenraorao4850]

​@@leealex24I pray to God for your words to become true. I wish the same for Malaysia. I want our country to prosper with high quality of life. It will be a big dream come true

[@NewmaticKe]

Malaysia was never, ever short on ideas and ambition

[@stewardang4939]

Yes, you’re right. It’s execution, follow-through & follow-up where it lacks…

[@gggf4766]

corruption made worst but im glad someone its trying to fix

[@jesusnotgod5635]

That's the spirit,man

[@0408tk]

Insya-Allah....

[@penukulbesi4006]

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.

[@sssteel99]

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.

[@samkwok7057]

Malaysia will already be top hub in Southeast Asia if not for all the corruption taking place 😅

[@akeithkira]

Speaking of young workforce, yes we do have a huge pool but majority is not tech or finance savvy. Please be more specific in your research as generic terms cant speak.

[@stewardang4939]

And the smart ones move out of M’sia to work, cos they won’t be paid what they’re worth if they stay in M’sia…

[@dhannt5875]

Malaysia can and boleh time shall unveil when time comes keep moving forward and onward the rest will come

[@Md.MustaffaBinAbdullahAbdullah]

Come on Malaysia with Twin Hub Financial with Singapura,win-50-50 - more cooperation with more sector - 🇲🇾🇸🇬👍👍fot good our citizen and contry move better future.

[@Dx_Hearted]

The answer is YES WE CAN!

[@user-xi1de9up2p]

When Kl is mentioned the film "Catch me if you Can' comes to mind. The other things that come to mind is ' the biggest financial Scandal' in the history of the world and 1MDB. Do you think you can call yourself a Financial Hub just by building a couple of skyscrapers? Maybank, RHB, Public Bank and Hong Leong Bank, these names are not even well known in Southeast Asia not to say outside of Asia. At best we can say that they have made strides in the realm of Islamic Banking. And Islamic Banking has a hugh potential to grow but Islamic Banking is probably considered a small part in the world of Banking and Finance as a whole. If we are talking about a being a being a financial hub for Islamic Banking hub than I think Abu Dhabi is a more likely candidates if they are determined to do so as it is in the heart of where Islamic Capital lies. Sounds outlandish for ones to link KL to the term Global Financial Hub IMHO. Probably more justified to say KL is way ahead of 3rd to 4th tier Asian nations. To compare it to London, New York, Tokyo is unthinkable at this point.

[@rosalindwong9609]

With good smart politicians like the present govt yes! Cash is King! Many opposition politicians are trying to go through the back door changing the govt. Good King of Malaysia is not allowing them to destroy the unity govt

[@AbuBakarBinOthman-gx9gy]

Cost of doing business n lucrative returns are the 2 key factors determining sustainable growth. Assuring these 2 winning combinations, Msia will become the renowned fintech hub in the region and worldwide. Insya Allah

[@leealex24]

KL/Klang Valley is already highly developed and income city (US$200bn with GDP per capita of ~US$20,000) with alpha city status, so, even if not global, regional is highly possible, perhaps, ASEAN and Asia. Global, probably not for the time being.

[@EGO0808]

20K per year is not exactly considered high income bro

[@leealex24]

@@EGO0808 It's high income and growing. I really pity you how come someone can be so ignorant and stupid at the same time. You must be a masterpiece in the making in the human sense, my deepest condolences to you and your family.

[@abdkarimabdrahman5378]

Yes It is Malaysia is already a Financial Hub in Asia, if one of the Arab countries peg it's currency to ringgit. And if too, Brunei pegs it's currency to Malaysia

[@choonkeonglim6178]

Too unstable, political policies just changes just like that. Hard for planning. Priority of Islamic religion laws makes her less competitive to countries with neutral laws. Corruption and lack of integrity in the authorities makes it hard.

[@marvelcomiks8078]

Malaysia is already a regional financial hub. Otherwise how to embezzle billions in the 1MDB? Even Goldman Sachs was hauled to court. Without the money how to embezzle? Clearly Malaysia is poised to become the region's financial hub with its easy access to money, directly or indirectly. One can get easy access to money whether or not it belongs to you. Malaysia welcomes all investors to come anytime. Country garden forest city is another famously large investment that foreigners have invested in Malaysia. Billions. And today it remains a suck-cess-pool story, with its god forsaken empty lands and houses and algae stained walls.

[@stanleytanyitfoong]

🤣🤣🤣

[@ViolentCabbage-ym7ko]

Seeing how the world is slowly turning multipolar, it is possible for Malaysia to be a financial hub for the BRICS+ nations and Islamic finance. Singapore is seen as in the US camp for sanctioning Russia and angering China for highlighting the South China Sea issue to the US which has escalated since then.

[@leealex24]

KL can position as the ASEAN and Asia financial/commercial hub. Singapore, it's fine, you all can be global, KL be regional Asian commercial/financial hub okay for us. We're not greedy. :)

[@akmalhafiz8763]

Sorry, no BRICS.

[@leealex24]

@@akmalhafiz8763 Why not? BRICS is the future, these economies already control at least 30% of the world economy. Malaysia must be an open country.

[@TheFarhanfaris]

No1 dan No 2 dalam brics..fakta bro kzbin.info/www/bejne/oqOpZ2uqbKysa6c

[@contrarian2496]

​@@leealex24 Singapore is a global financial hub, by global it means South East Asia is included. Of course nobody is stopping Malaysia from wanting to gain market share in SEA's financial sector, just that it will be competing with Singapore which has much stronger financial strength to control majority market share in SEA.

[@tg988]

Islam has become a popular religion and there are many converts from the western world. With the huge investment from China, and big influx of middle east migrant investors, Malaysia will become global financial hub in this region Insya-Allah.

[@muhdhusni9227]

Amiin. Semoga malaysia terus diberkati dan dirahmati Allah.

[@donmudit2257]

Terrist financiel Hub

[@zhen86]

Stop holding on to Islam. There are more westerners being atheism then converting to Islam. don't be delusion

[@Highlander226]

Very optimistic

[@vinyong88]

It will take an overhaul of mindset which is impossible

[@tengkualiff]

Could be for Islamic finance for SEA.

[@Raduan-cu3lz]

Bravo Malaysia ❤

[@SaadonAksah]

Yup! Malaysia just need to produce more exciting shariah compliant products 👍

[@kesatria_gelap]

why malaysia currency weak

[@mattball7074]

Too shakey with laws, stupid decisions, tax alterations & corruption. Rule of law is sketchy. Definitely amazing growth but its just not there as a international financial hub, doesn't have the stability & security features & has no wanting to provide itself as such... Investing in manufacturing or Real estate there, yep! Domiciling private equity fund there? Nope

[@lenovolenovo1725]

No....n definitely impossible for 🇲🇾 to be regional financial hub..... 🇲🇾 Market is small n not alluring if to make comparisons with 🇹🇭🇸🇬... Political instability also contributes to the negatives implications..... N it's a risky..... But do remember 🇲🇾is import based consumption country.... while their export is been exposed to all of variety of risk including been ban sanctions (Palm oil based products)n higher tariff..... Within the next 10/15 year's from now if the policymakers in 🇲🇾 didn't manage the country wealth properly n continue spending lavishly (populist policy) 🇲🇾 could be the next 🇦🇷🇹🇷.....

[@GoodjobSkill]

Malaysia politics is stable enough. We have no rally / demonstration after the government changes. So don’t scare of what Media said. Just come and invest in Malaysia.

[@zhen86]

It's not about rally / demonstration, its about the policy. Singapore wasted money building up Jurong and a change of government, both side wasted Money. The HSR is still being build, just not to Singapore. The MRT(which change to smaller LRT) almost got cancelled too.

[@ggc7318]

Malaysia is more democratic than Singapore, right ? I saw the ranking recently.

[@zhen86]

@@ggc7318 Even if Malaysia is more democratic than Singapore, when policy keep changing or when good business policy completely stop, what's the point of doing business in Malaysia for big MNC?

[@ggc7318]

@zhen86 Well, I get what you said. But to me, life is more than being an efficient and effective producing force. But what do I know. 😃

[@audifan2501]

No lol nt in a million years. Malaysia has a racist policy of favouring locals. And situated right beside singapore who is the established financial powerhouse in asia cuz of its stability.

[@syafiqrizuan5588]

Unless if Kuala Lumpur can become a global financial hub and has a very strong business ties with other major cities like London and New York as well as more liberated business for market capitalization and attract more FDI, i think Malaysia would have a very long journey to compete with Singapore to become a global financial hub. Overall Kuala Lumpur ranking as global cities is Alpha.

[@leealex24]

KL/Klang Valley must be a truly open, free, clean, highly competitive and progressive hub then the rest will come.

[@zumeslt1851]

Financial hub for China, Middle east n BRICs.. not for the west due to risk of sanctions

[@hazmanriess8949]

Usah ulas merapu. Jika tak yakin. Itu lah melayu

[@leealex24]

Malaysia focus especially in core growth areas like Klang Valley and Penang should be on being a commercial, manufacturing and technology hub. That's more achievable because these two areas are already very strong.

[@kamrulz659]

Msia invests heavily in human capitals since as early as in 80's.no wonder msia will become the best place to be an economic hub in all fields.

[@hazmanriess8949]

Usah iri. Terima aja kebolehan malaysia

[@lingth]

You forgot corruption..

[@saehian]

Stable government like PM Anwar with no corruption is 1st priority. Singapore do this 1st. 2nd it is Muslim majority in Middle East happily transactions in Malaysia. 3rd with China investments will made more attractive as middle east has a lot trade with China.

[@kaufengshan3798]

Msia has long becomes leading islamic financial hub no boubt bout that

[@beranitakbuat]

Malaysia is rise again!

[@TheFarhanfaris]

Maybe not..sorry

[@beranitakbuat]

@@TheFarhanfaris haha.. indon triggered 🤣 Indon always behind and will stay behind 😂

[@leealex24]

@@TheFarhanfaris Who are you? Your comment is pointless, Malaysia have been very strong before at least in Asia so nothing new. You need to get your head checked.

[@thomastan7511]

Well done, H.K. keep it up.

[@chanweiming5501]

You can bring “them” out of Malaysia but you cannot take the Malaysia out of them.

[@sart3735]

🤣Totally agree with you. Many msians in Sg still behave like kampong folks.

[@gkdijeiwhheuheyhwygwyhgst5308]

@@sart3735 yeah. As if Sgporeans behave like a first world country 🤣 only follow rules in their own country. But when they go to other countries esp Malaysia, they break the rules all they want 🤣 they leave their brains in that tiny, cramped island 🤣

[@redindian2209]

i annswered this question a LONG TIME AGO. there is no room for such a financial hub in the same time zone. either singapore will remain a financial hub or malaysia will. but their cannot be two.

[@shamshulanuar7718]

We can complement each other . Malaysia ranks highly in Halal ,Islamic financing. Singapore no doubt is a leading financial centre on this planet But there are other sectors Malaysia can excel too

[@redindian2209]

@@shamshulanuar7718 either the locals put there savings in kl or singapore or invest in stock market in kl or sg,. kl need to make new products for that to happen but they had the chance when they were in stealth mode. now they're in the spotlight, when white man sees who they really are, and the secret is out. i think they'll be putting them on the back burner to be frank

[@leealex24]

Malaysia focus especially in core growth areas like Klang Valley and Penang should be on being a commercial, manufacturing and technology hub. That's more achievable because these two areas are already very strong. Financial hub maybe on regional level like ASEAN possible.

[@jwanglerz8500]

Will never be financial hub or any economic might. As long as the policies favor one skin color

[@jakemir558]

Yes we will. Provided PM X still leads the country

[@jeremyxu8155]

Quota Quota and Quota will kill the ambition of Malaysia becoming a financial hub.

[@tokasync5665]

Malaysia listens too much to what a consultant says. instead of focusing on enlarging the doer pool... the government & politicians focus on developing the communicator pool. the gov believes on selling the idea/vision is better than we do it ourselves.

[@anghockseng5686]

Malaysia can be industrial and finance Depend on the honest Govt

[@fariddaniel-wz8de]

Malaysia surprisingly growth rapidly since pandemic. How amazing is that wow

[@hazmanriess8949]

Gak usah terkejar jadi Singapore, negeri Konoha G20, Jepun, Korea Selatan. Elok tiru jadi cam Ireland, Swiss, Sweden..Jadi Negara rakyat berpendapatan tinggi, hidup aman makmur, negara kebajikan pada rakyat, jangka hidup tinggi. Tak perlu jadi negara kuat kumpul kekuatan tentera. Tetapi negara ada banyak peluang pekerjaan.

[@michaeldos8598]

Konoha g20 tapi rosak dan tak mkmur..janaha

[@khairulammar6056]

islamic banking mentioned 😊

[@user-sq2no7gr8b]

bank for islamic terrorists?

[@nurhendry5464]

nah...still much lacking... if you can give zero free tax interest and a lot funding for new star-up business like singapore but malaysia...currently only for retail only..but big star-up business like goes for glc links... a lot potential and copy cat like singapore doing in arreas p. langkawi, p. pinang and johor..

[@nurhendry5464]

saport #tocopycat-johor arrea 🧐

[@AlbertLimKualaLumpur]

Spore has ZERO Tax?

[@hantu4321]

No building everything in Kuala Lumpur is stupid the hub should be nationwide it would provide high income at low cost areas with no overpopulation flood traffic jam and etc

[@shurenraorao4850]

SO true, we need to invest in other states as well. Not only in kl. The biggest fault America ever did was new York. Everything at one place

[@hantu4321]

@@shurenraorao4850 yes and I do see how everything at the capital city even of states make sense neither if we look at old design it's building suburbs where people live in low cost landed with better salary to cost of living ratio

[@cky3345]

Malaysia can only be a durian hub, nothing more

[@agusaffandi2347]

Malaysia to overtake Singapore as a global financial hub? As long as malaysia only favour certain race (bumiputera policy) which is discriminatory towards non malay and native it won't happened. And don't forget about corruptions in Malaysia like 1MDB scandal.

[@DuanJB]

watch your mouth . respect ours perlembagaan .before you living here comfortable just because ours ancestor claims merdeka from british .be thankful

[@centongsayur-rx9jw]

MALAYSIA IS TRULY ASIA : MALAY FROM INDONESIA CHINA FROM CHINA PRC TAMIL FROM INDIA .

[@leonortenorio6604]

it is impossible to happened.. malaysia as global financial hubs...Malaysia is like Philippines they both pupolar for having corrupt politicians... Philippines is better than malaysia if we as financial hub. bec some of financial institutions have office in Philippines.. ex.. jp morgan and ADB both of them have office in the Philippines... but it never been a financial hubb.. before become financial hubs.. malaysian needed to be a global trade center frist... like new york, London, hong kong, singapore... and needed a strict govt financial policy... and political stability... local bank and infrastructure development is not enough to become financial hub...

[@monroedoc6729]

Definitely NOT...

[@peteroht6083]

Oh yes. It will be called 1MDB Mk2.

[@kokleonglim8543]

Can Malaysia business policy beat Singapore ... no and never ... cos the malay supremacy policy ... we can only get the overflow business ... Global finance hub ... dreams on ...

[@leealex24]

KL is already highly developed city with alpha city status, so, even if not global, regional is highly possible, perhaps, ASEAN and Asia. Global, probably not for the time being.

[@Highlander226]

Global no .

[@bernkoh343]

Why wanted to be a leading hub? Its so stress and living standard is so high for many citizen..go and ask some Singaporean.😮

[@proadlekopy]

Malaysia has potential to be better than singapore

[@user-sq4is4ti1r]

maybe the Dap are right singporean will come to malaysia to work(just kinding haha)

[@Malaysian07091]

Mark my words. Malaysia will be islam Superpower and most developed islam majority Nation more developed than Arab Nations in the future!

[@TheFarhanfaris]

China dan India saye percaya..maaf yaa bro fakta hari ini..lihat dalam negara dulu baru go global

[@ifuknjk]

never happen..saudi arabia more powerful...n other arab states

[@TheFarhanfaris]

UEA dan SAUDIA percaya Bank MALAYSIA...Keepdreaming bro..soorry

[@ifuknjk]

@@TheFarhanfaris delusion will not make it true...malaysia will remain a kumpong n fishermen...

[@lazymano3651]

​@tongkat bebe dengki dan iri hati tidak meninggalkan apa kesan.. kerp spread hated bro..

[@Jay-jk8sg]

nope in PN states

[@Malaysian07091]

agree most of state under PN have the lowest GDP Per Capita and high poverty and Many crisis compared to other states

[@beranitakbuat]

Sabah?

[@Malaysian07091]

@@beranitakbuat Sabah Have higher GDP Per Capita compared to Kelantan,Kedah and Perlis 💀

[@Malaysian07091]

@@beranitakbuat The only PN State that have Higher GDP Per Capita is Terengganu but it have no big difference the different is only RM1K between Sabah and Terengganu Gdp Per Capita

[@leealex24]

PN states need to stop playing extremism card and stop all politics of race/religion. Maybe in 10 years, they will be upper middle income states.

[@hasnanhashim4386]

Bring back GST and lower the income tax at par with Sjngapore...gradually

[@ramumanickam1643]

You want gst go back to indon

[@akmalhafiz8763]

With the current government, I don't think so

[@jjsamuelgunn1136]

Good idea. Tax the poor. Release the rich.

[@TheFarhanfaris]

No way banyak orang seperti JHO LOW COKLAT

[@beranitakbuat]

Haha.. indon lagi banyak yang aneh-aneh 😂 probowo ok ke tuuu 🤣

[@TheFarhanfaris]

Keepdreaming bro harmza

[@chacha9690]

Hendon memang bodoh

[@massalleh5255]

Keep dreaming Indog 😁 how is Nusantara project ongoing?

[@JackyCGuitarStrings]

0:45 chill out with the sound fx...

[@KhalixMR]

We are on the way to be a transformed country up until the moment Najib was toppled down. Since then we are going down because of stupid decisions by those who thought and has fooled their supporters that they are the best options. Now they are on top again. Say what you will about Najib but his economic reform is genius. However, Malaysia can still push through Islamic Financing, take advantage on BRICS due to its relationship as Muslim country, as Oil economy, as one of the country that housed a big Chinese and Indian diaspora.

[@leodavinclavigan6166]

Nothing special to become no.1 or world fin hub if your peoples suffer and struggle for life.

[@drinity49]

With the Malays running things and living off handouts, no

[@rainboworiental9521]

They can united with Singapore again becoming Malapore state. If they do this Malaysia will become the largest financial center in South east Asia

[@decTac]

Nonsense

[@leealex24]

kl can be a regional asian financial hub without sg

[@TheFarhanfaris]

Bergabung singapore..wow the best ni..atau malaysia sendiri do thats rasanya mimpi..oops sorry

[@ifuknjk]

in dreams..sg will never join malaysia

[@leealex24]

@@ifuknjk Yeah, sg and KL are two different cities, don't associate them together. The Malaysians will come back too.

[@Raduan-cu3lz]

Malaysia is better 4:28 than Indonesia. The richest country in South East Asia are Brunei, Singapore and Malaysia 9:31 .

[@forytube4998]

Thinking too must. Racism in Malaysia on the rise, former president mahathir playing the racist game now😊

[@juanpablo-hz3dq]

Malaysia is racist but its nothing compared to the US and Australia.

[@gingergrantnews]

Simple answer . No. Singapore will always beat malaysia .

[@veekwok5611]

Short, simple and blunt answer but it is absolutely right.

[@ethos-]

This is why education is important even for highly developed nation. Being a financial hub does not mean single axis of economic center. You can have multiple hub in one region. Malaysia is already top 3 hub of islamic financial in the world.

[@leealex24]

@@ethos- ASEAN too. Malaysian banks are among the largest (Top 3) in the region and can continue to grow.

[@beranitakbuat]

Singapore will declined. It’s matter of time 😂

[@leealex24]

​@@beranitakbuatBro, 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 house compared to US$10,000 and I cant afford a car and live in a 300 sq ft apartment.

[@jeremyxu8155]

Ever since Mahathir barred Singapore investors from buying the Malaysian stocks abruptly after the 2008 crisis, Malaysia had lost her credibility totally. What you say here is but rubbish.

[@engchoontan8483]

There is no-harm for singapore to let them-malaysians try. The troubles and troublesome (disadvantages) comes with every advantage. There are trade-offs which can be mitigated by real-ability, real-knowledge, real-capability, real-workers, real-laws, real-fairness, real-anti-corruption, real... get-real is good for all.

[@engchoontan8483]

The path to success is paved with ... hahaha ... to all sides

[@leealex24]

Malaysia don't need to aspire or be a superpower, just be wealthy, competitive and happy country with high standards of living will do. If all goes well, Malaysia will have US$20,000 GDP per capita by 2030 with about US$800bn GDP. It's good enough for us and I'm happy. We can be kindda like the Australia of South East Asia.

[@engchoontan8483]

@@leealex24 maybe you want to remove that last sentence. australia, according to lee-kuan.yew is ... of asia...

[@leealex24]

@@engchoontan8483 I chose Australia is because Australia is a country that is more balanced, in terms of work and life but also rich in various resources and pretty competitive (Land, People and Natural Resources). It fits the bill, I don't really know or care what other people say. I can also attest to this because I used to live in Australia. Thank you.

[@engchoontan8483]

@@leealex24 they do accept new migrants. You can get to your target GDP like "instantly" instead of rooting for malaysia to get there...

[@2wwwilly]

You say what?? 😢 malaysia becomes financial hub ..for crooks hub maybe Malaysia Boleh 🇲🇾

[@h4fixx]

Come on man at least the government with private institutions are joining hands to make the situation better or more conducive for foreign investors to invest in Malaysia. At least something instead of nothing. What are you doing with your life bro? What are your contribution to the country? Your statement speaks volume about you as a human being.

[@kuzayarahim1633]

OUR MONEY DOWNNNNN SO DEYM DOWNNN WHYYY WHAT PMX DOING?? 😭😭😭 NOW INDONESIA MONEY MORE HIGH THEN MALAYSIA

[@azim-azmi3584]

Apebenda kau merepek ni setan????

[@wise_axolotl179]

Wdym? We never reach above 5 yet

[@samandiaanjir]

Wtf are you talking about 😂😂 Since when Indonesia money more high than malaysia

[@Malaysian07091]

You live in cave and denial?

[@NopalTheRock]

Dude belajar ekonomi dulu