Buoyed by optimism, Second Finance Minister, Datuk Seri Ahmad Husni Hanadzlah forecasts Malaysia’s gross national income (GNI) per capita to increase to US$15,000 by 2018.
"Our GNI per capita target of US$15,000 or RM48,000 can be achieved earlier than our target of 2020, as we are progressing well in our Economic Transformation Programm," Husni said, prior to the launch of Bursa Malaysia's new community portal, the Bursa Market Place in Kuala Lumpur on Monday.
Inclusiveness, in terms of benefits and participation, is the key yardstick for Malaysia's success, the Second Finance Minister added, stressing that everyone from corporations down to the people, should participate in achieving this objective.
With the rise in income levels, there will be a need for the people, especially the young workforce, to actively manage and increase their wealth.
"The development of an investing culture will have a secondary effect, while strengthening the resilience of the local capital markets," he added.
Meanwhile, Bursa Market Place (BURSAMKTPLC) today launched an online portal at www.bursamarketplace.com, to further encourage retail participation in the local bourse, especially among the younger generation.
Investing in the equity markets necessitates certain skills and knowledge, and consequently, there is a need to enhance the financial knowledge of Malaysians.
"Bursa Market Place uses tools familiar with the younger generation and will prove a leap forward towards creating an investment and trading culture in Malaysia," noted Husni.
Adapted from BERNAMA, 29 April 2014