KUALA LUMPUR (Oct 10): A "new real economy" calls for a new operating landscape, Bank Negara Malaysia (BNM) Governor Datuk Muhammad Ibrahim said, and with it the need for regulations to be localised, taking into account an economy's specific needs and stage of readiness. "(They need) to create an enabling environment to expedite the rise of this new real economy. From the emerging markets perspective, a critical aspect here is infrastructure readiness — but with a bias towards the new economy. Muhammad pointed out that in the new real economy, value creation will no longer just be generated by traditional growth drivers such as manufacturing and banking services. First, the rapid income and population growth in emerging markets have turned these economies into large and growing consumer markets.

Source: The Edge Markets October 10, 2016 10:10 UTC