FINANCIAL industry players are generally positive on the strategic initiatives highlighted under the third Capital Market Masterplan (CMP3).
They view the five-year roadmap as a potential game changer that can catapult the Malaysian capital market into the next level of growth and dynamism, thereby supporting the country’s transition into a more developed country.
Bank Islam Malaysia Bhd chief economist Dr Mohd Afzanizam Abdul Rashid, (pic) for one, finds it encouraging that the CMP3 addresses the financing needs of companies across various growth cycles.
“Entrepreneurship is a key catalyst of sustainable economic growth, as it promotes the creation of high-quality jobs that can absorb local talent.
“If we can do it right, the country could, over time, reduce its dependency on foreign labour,” he tells StarBizWeek.
“CMP3 would complement the promotion of…