Malaysia well-poised for growth

Malaysia is well-positioned to achieve significant growth, said Michael Andrew, Global Chairman of KPMG, at the firm's global board meeting in Kuala Lumpur. "There had been a consistent focus on high-growth and emerging markets like ASEAN, and with the removal of political uncertainty in Malaysia, the economy would grow stronger."

Investors are now focused on countries that adopt open foreign policies, and Malaysia needs to ride on this economic wave, Andrew added. "Fiscal and economic policies need to be in place, with proper reforms, to take growth to the next level."

"There is a momentum and thrust forward into this region, and clients worldwide see an advantage in pushing for the acceleration into ASEAN," he stressed. The cooperation between Malaysia and Singapore via Iskandar is starting to show how important ASEAN is, as countries complement one another.