Jim Rogers : "When people think of Malaysia, they think the government owns or controls a major portion of the economy." he said, adding that the government should grant incentives to Malaysians who invest in companies that are privatised to speed up demand from investors.
"Assets disposed are sometimes better off in the hands of the private sector rather than with the government.
"International investors can go anywhere, and they don't go to places where there are restrictions and problems, they prefer the open, exciting and dynamics places.
"If you want to invest in a bank in the US, you just pick up bank bonds. There is no restriction on how much you can own and in how many banks, you can own whatever you want," Rogers added.
"You have
huge reserves, abundant natural resources and Malaysia is at the right
place at the right time. Of the many countries that have opened up, I
would say Malaysia is one of the most attractive."Malaysia has to show outside investors the vast opportunities available for foreign investors.
"There are many good companies and opportunities existing in agriculture and development, like what you have been doing in Johor, which could be exciting for Malaysia, as well for outside investors.
"You have to accelerate that trend, you have to let investors know that they are welcomed here and that they will be treated like everybody else." - in thesundaily
Jim Rogers started trading the stock market with $600 in 1968.In 1973 he formed the Quantum Fund with the legendary investor George Soros before retiring, a multi millionaire at the age of 37. Rogers and Soros helped steer the fund to a miraculous 4,200% return over the 10 year span of the fund while the S&P 500 returned just 47%.
