Political stability in MY has made it an investment destination, says PM Anwar

Malaysia’s political stability and clear economic policies have reportedly allowed it to gain world attention as a leading investment destination, said Prime Minister Anwar Ibrahim.

The policies that helped investors see the country’s strengths include Digital Transformation, National Energy Transition Roadmap and New Industrial Master Plan 2030, added PM Anwar, according to The Star.

Don't miss: Malaysia aims to top in global startup ecosystem index by 2030, says PM Anwar

However, he also stressed the need to develop an educated workforce as Malaysia’s investments from companies such as Infineon and Nvidia to name a few, require 30,000 engineers which Malaysia is unable to fully fulfil at the present moment.

Parents and Malaysian children should focus on the fields of science and mathematics and Technical and Vocational Education and Training (TVET) to flourish in their careers and their respective responsibilities to the country, said PM Anwar.

“Don’t struggle with trivial matters because the country’s direction remains on the right track, especially in terms of attracting investors and even stimulating the economy for the benefit of the common people,” he said in Malay in a post on X seen by A+M.

All parties were called upon to change their attitude and mindsets to ensure Malaysia does not lag behind its competitors and developed countries.

While Malaysia has attracted foreign investments, it has also focused its efforts on developing the local startup scene. Malaysia aims to be among the top 20 countries in the global startup ecosystem index by 2030, said PM Anwar. Kuala Lumpur will also be turned into a regional startup and digital hub, he added.

The prime minister added that the two-day KL20 Summit 2024 will be a forum to facilitate startups in high-value investments and will encourage startups to expand abroad by leveraging on a complete global ecosystem chain.

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