INVESTMENT, Trade and Industry (MITI) Deputy Minister Liew Chin Tong said political stability, far-sighted economic policies and a green transition provide a golden opportunity to boost the country’s economy for the second time after the first surge in the early 1990s.He also stated that the competition between China and the US brought investment into the Southeast Asian region, and Malaysia is one of the nations that benefited from this.“When investors do the calculations, they know Malaysia has good logistics, a fair Common Law framework, and many workers who are fluent in several languages in addition to being well educated.“This is an opportunity for Malaysia to make a second leap. The first leap was successfully made in the early 1990s when economic growth, job opportunities, wages paid, and the improvement of people’s living standards were in a positive mood,” he said in a blog post titled “Malaysian Economy’s Second Leap”.He added that Malaysia has the potential to expand the country’s economic growth and set higher targets.As for the competition seen coming from countries like Vietnam and Indonesia that are also attracting lucrative investment, he said Malaysia has technological advancement and is not far behind Singapore in some services. Thus, this puts Malaysia ahead of the competition in the Asean region.
