Showing posts with label channelnewsasia. Show all posts
Showing posts with label channelnewsasia. Show all posts

Thursday, 22 December 2011

MALAYSIA - BANKING - Malaysia unveils plan to boost (Islamic) bank sector

channelnewsasia.com - KUALA LUMPUR - Malaysian Prime Minister Najib Razak Wednesday unveiled fresh plans to liberalise the country's financial sector in a bid to develop it as an international Islamic hub.

"The financial system will have a key role in spurring new areas of growth, and facilitating our economic transformation," he said in remarks contained in a report by Bank Negara.

Under the 10-year programme, the sector is expected to expand 11 percent annually between 2011 to 2020 and add another 56,000 jobs to the current 144,000.  (source)