INVESTMENT, Trade and Industry Minister Tengku Datuk Seri Zafrul Abdul Aziz affirmed the increasing confidence of investors in Malaysia particularly domestic investors as evidenced by a notable rise in their participation.
Speaking at an event marking the first anniversary of the unity government, he disclosed that a substantial 45% of the RM225 bil in total approved investments from January to September this year originated from domestic investors.
“The level of confidence was not as high as it is now. This is due to positive economic overflow resulting from investments made by local companies.”
Addressing the government’s commitment to sustaining this positive trend, Tengku Zafrul announced that the Investment, Trade, and Industry Ministry (MITI) will continue its efforts to boost the confidence of domestic investors.
The New Industrial Master Plan 2030 (NIMP 2030) will be a key instrument in this endeavor, with a focus on attracting and retaining investments from local sources.
Moreover, regarding foreign direct investment (FDI) and domestic direct investment (DDI), the minister assured that MITI will work towards enhancing various aspects to expedite the realisation of approved investments.
The former finance minister also stressed the importance of ensuring a conducive environment for both foreign and domestic investors.
Furthermore, Malaysia has recorded a substantial RM225 bil in approved investments across the service, manufacturing and primary sectors during the first three quarters of this year. This figure reflects a notable 6.6% increase compared to the RM211 bil approved in the corresponding period last year. – Dec 8, 2023
Main photo credit: The Edge Markets