Political stability attracts many industries to invest in Malaysia, says PM


SHAH ALAM: The political stability enjoyed under the unity government over the past year has attracted many global industrial giants to invest in Malaysia, says Prime Minister Datuk Seri Anwar Ibrahim.

Anwar, who is also the Finance Minister, said companies like Google, TikTok, Infineon Technologies AG, China's automotive company Geely and Tesla have confidence in Malaysia's capability because the country has clear policies.

ALSO READ: It’s about performance, not platitudes, says Anwar

"I asked them what is special about Malaysia. Now, Alhamdullilah, the politics is stable. This political stability helps give confidence to them, there are clear policies, which is called clarity of policies.

"It means they know, they come here, this is the economic policy, this is the industrial policy, this is the Madani economy, this is the energy transition.

"I am grateful that Malaysia has gained attention again after lagging behind for some time,” he said at the launch of the Prime Minister's Gold Hand Award (MATEPM) and Skilled Person Award ceremony at the Shah Alam Convention Centre (SACC) Thursday (Nov 23).

ALSO READ: Tech giants to extend investments in M'sia, says Anwar

Also present were Human Resources Minister V. Sivakumar, Deputy Works Minister Datuk Seri Abdul Rahman Mohamad, Chief Secretary to the Government Tan Sri Mohd Zuki Ali and Public Services Department (PSD) director-general Datuk Dr Zulkapli Mohamed.

Anwar said the government will be more aggressive and assertive to bring changes not only to save the country but also to raise the dignity of the country in this region by attracting more investors, managing the economy well, training the youth and having good governance.

"This country can no longer be known as a country that tolerates corruption and embezzlement, every fund must be used properly at all levels, from the Prime Minister down,” he said.

ALSO READ: Malaysia's strong view on Palestine will not affect the economy or US investments, says PM

The Prime Minister said the current political stability would also make it difficult for certain parties "harbouring” hopes of taking over the government now.

At the same time, he also ticked off those who argued about the differences of religion and race but never bothered about the future of the youth, including Technical and Vocational Education and Training (TVET) graduates.

As such, Anwar wants the Industrial Training Institutes (ILPs) and related agencies to provide adequate skills training, especially at the highest skill level, following comments from investors on the need for the highest skills of workers in the country to be improved.

ALSO READ: PM secures RM63bil trade deals, attracts investment buzz for M’sia

"Geely considers the performance value of workers in Malaysia as very good and satisfactory, the level of professionalism as good. There's only one problem, which is that the high skill level is, at times, lacking," he said.

Touching on his vocal support on the issue of Palestine, Anwar admitted that he speaks out on the issue on the international stage representing all Malaysians, although it is difficult.

He also slammed the actions of a few parties in the country, which he labelled as discordant voices that continue to attack him regarding the issue.

"I am not asking for gratitude. Even if you don't want to thank me, just don't criticise any more,” he said.

ALSO READ: Strong push for science, skills

Although he was vocal in voicing Palestinian issues when he attended the 30th Economic Leaders' Meeting of the Asia-Pacific Economic Cooperation (Apec) in the United States (US) recently, Anwar said it did not affect the decisions of major corporations, including from the US, to continue investing in Malaysia.

According to him, the Global Infrastructure Partners (GIP) company has also decided to jointly take up equity to expand the ports in the country, including the Tanjung Pelepas Port in Johor. - Bernama

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
   

Next In Nation

Body of missing police corporal found in Kampung Gajah canal
Engineer arrested for filing false robbery report in Rembau
Hotel bookings up across the board in Johor this week
MMEA performs emergency medical evacuation in Sandakan
Cultural run among draw at world tourism celebrations
Govts taking steps to protect kids in digital age
G25: More harm than good
Pensioners grateful for govt’s financial aid
Police looking into offensive notes on pizza receipts
Dzul aims to curb further talent drain of doctors

Others Also Read