Our rules and treatment are fair to all genuine investors. Any incentives 1/6  BIS central bankers' speeches  granted to both foreign and domestic investors are subject to stringent performance requirements. This ensures adequate safeguards for the goals of the incentives and underscores our fair treatment to all. This would also create a relationship built on the principle of mutual reinforcement, beneficial to both Malaysia and its partners. A growing economy which parallel global development and growth. The Malaysian economy has always been very well run. It has bright growth prospects, in the immediate future and in the longer term. We have been one of the fastest growing economy in the last decade. Our economic growth has consistently outpaced global growth since the TransAtlantic Financial Crisis. Comparing average growth rates since then, Malaysia’s growth rate has been 170 basis points higher than the global economy, growing faster by 38% to be exact. In the region, we are among the fastest-growing middle-income economy. I am quite confident that this trend is set to continue as we move forward. In the first quarter of the year, Malaysia grew by 5.6%, surpassing market expectations. Growth has been lifted by the stronger domestic demand with additional impetus from exports. Our export performance is generating greater positive spillovers to the domestic economy. Judging by these, the economy is poised to register stronger growth in 2017. Many factors account for the sustained economic performance. A key reason is our economic diversification.

However, we have observed a more diversified and well-balanced non-resident investor base in recent months and our surveillance indicates that composition of medium to long-term investors is now much higher. The participation of a diverse spectrum of non-residents, including central banks and sovereign funds, is pivotal in providing a more stable and balanced two-way flows. Malaysia is constantly in top 20 global competitiveness index. Malaysia is the world’s 34th largest economy. We are also consistently ranked among the world’s most competitive economies. These are externally driven indexes and are independently researched. In the World Bank Doing Business report, Malaysia scored better than the average OECD high income nations in terms of legal rights and credit information. Our protection of businesses are also stronger with faster and higher recovery rate in cases of insolvency. In terms of talent development, attraction and retention, Malaysia has consistently ranked in the top 20 of the IMD World Talent report. Within the region, Malaysian talents stand out due to our diversity. A key attraction for investors in Malaysia remains the English proficiency of our workforce. We have maintained a top 15 ranking in the EF English proficiency index for the last 6 years. Many multinational companies based in Malaysia have taken note of this cultural diversity. The familiarity of our people with the numerous languages spoken within Asia, including Mandarin, Arabic, Tamil, Urdu and Malay allows for Malaysia to be a natural choice for regional business operations. The flourishing of our Global Business Services industry illustrates this point.