Monday, November 10, 2008

The Global Financial Crisis & Implications for Malaysia Forum

12 November 2008
18:00 - 20:00
Dewan Kuliah 3, Faculty of Business & Accountancy,
Universiti Malaya

Kuala Lumpur, Malaysia

2008 has seen the United States experience one of the worst economic crises in two decades, disasters in its subprime market leading to housing foreclosures, and the complete disintegration of the banking and financial system. America and other European governments have stepped in to bail out companies suffering from tremendous losses, whilst the stock markets around the world have plunged to dangerous levels.

The Asian markets are not spared: Japan, Hong Kong, South Korea, Taiwan, Singapore and Malaysia have and will continue to experience shocks. RM33 billion has been wiped out of the Malaysian stock market in the past two weeks. The world is one global market; hence no one country is excluded from the negative impacts reverberating on foreign shores. Analysts have predicted an impending global financial crisis worse than that witnessed in the 1997 crisis, reminiscent of the Great Depression of the 1930’s.

It is therefore necessary to discuss the impacts such a Global Financial Crisis will have on Malaysia in an open and transparent manner. The CPPS brings together economic experts to raise real issues and how Malaysians will be affected. Speakers will also discuss those most badly affected from different spectrums of society: small businesses, low-to-middle income groups, and the average citizen. How resilient really is the Malaysian economy to weather external storms and shocks? How sufficient are Malaysian reserves, especially as the government embarks on continued pump-priming measures to stimulate growth? What are some steps that should be urgently taken as alternative means?

Join us as we bring together experts to engage in dialogue with members of the public.

6.00pm:Welcoming Remarks, Tan Sri Ramon Navaratnam, Chairman, Centre for Public Policy Studies

6.15pm: Panel Discussion
• Dr. R. Thillainathan, Former Advisor, Genting Bhd.
• Prof. Dr. Sieh Mei Ling, Adjunct Professor, Universiti Malaya
• Dato' Syed Amin Aljeffri, President, KL Malay Chamber of Commerce*
• Teh Chi-Chang, Economic Advisor to Democratic Action Party Secretary-General
• Datuk Dr. Denison Jayasooria, SUHAKAM Commissioner, SUHAKAM
• Stewart Forbes, Executive Director, Malaysian International Chamber of Commerce and Industry. *

Moderator: Tan Sri Ramon Navaratnam, Chairman, Centre for Public Policy Studies

* = unconfirmed speakers

7.00pm: Interaction with the Floor/Open Roundtable Discussion

8.00pm: Forum Ends

For further information, please contact Noel at (03) 20934209 or via email at

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