Malaysia attracts foreign investment through friendly approach

Malaysia is expected to receive more investments going forward, supported by investors’ confidence in the Madani Economy framework and from offshoots from existing investments, said Malaysia Semiconductor Industry Association (MSIA).

VNA Monday, August 28, 2023 11:19

Malaysia attracts foreign investment through friendly approach ảnh 1

Petronas Twin Tower in Kuala Lumpur, Malaysia (Photo: thesundaily.my)

Kuala Lumpur (VNA) – Malaysia isexpected to receive more investments going forward, supported by investors’confidence in the Madani Economy framework and from offshoots from existinginvestments, said Malaysia Semiconductor Industry Association (MSIA).

MSIA President Datuk Seri Wong Siew Hai saidthe investment-friendly approach practised by the government will attractforeign companies to enter the Malaysian market.

Prime Minister Anwar Ibrahim is working veryhard to attract investments from all over the world, including China, the USand even CEO of Tesla’s Elon Musk.

Besides, there are other investment announcements from European semiconductorfirms. Investors will view these approved investments positively.

Wong Siew Hai said US companies have expanded their footprint in Malaysia suchas Intel Corp and there are new companies coming in. TSo, investors areconfident about Malaysia but the country wants more quality investments.

US Ambassador to Malaysia Brian McFeeters saidUS companies made investment pledges totalling 100 billion RM (21.5 billion USD)in various sectors over the last 18 months.

He said these involve significant investmentsin areas where the US wants to strengthen its presence, namely electronics andsemiconductor sectors, as well as the data centre segment which is a big growtharea.

Minister of Investment, Trade and Industry Tengku Datuk SeriZafrul Tengku Abdul Aziz had previously said that Malaysia would prioritiseimproving the ease of doing business in the country to lure qualityinvestments.

According to him, the government will continue to streamline processes andmonitor and track these investment processes closely and in real time through aproject management and delivery unit within the ministry.

Meanwhile, Bank Muamalat Malaysia Bhd chiefeconomist and social finance head Mohd Afzanizam Abdul Rashid opined thatMalaysia has always portrayed itself as non-partisan and has been accommodativeto bilateral ties.

According to him, threats of deglobalisation are seen to be taking root which can becounterproductive if allowed. Therefore, forging economic alliances withvarious (countries) should signify Malaysia’s commitment to remain open toforeign direct investments (FDIs).

More importan𒉰tly, Mohd Afzanizam Abdul Rashid, saidinvestments by foreign companies could be a catalyst for infr༺astructuredevelopment as well as transfers of technology./.

source

#Malaysia #foreign investment #economy #Vietnam #Vietnamplus #Vietnam News Agency Malaysia

See more

Coordinating Minister for Economic Affairs Airlangga Hartarto answers questions from journalists on the sidelines of his official duties accompanying President Prabowo Subianto in St. Petersburg, Russia, on June 20. (Photo: ANTARA)

Indonesia concludes FTA talks 🔯with Eu𓆏rasian Economic Union

22/06/2025 06:20

Coordinating Minister for Economic Affairs Airlangga Hartarto and EAEU Trade Minister Andrey Slepnev jointly declared the conclusion of FTA talks on the sidelines of the 28th St. Petersburg International Economic Forum (SPIEF 2025), according to the statement.

The editorial published in the June 20 edition of Pasaxon. (Photo: VNA)

Lao newspaper highlights President Ho Chi Minh’s views on combative nature of revo🍸lutionary presꦜs

21/06/2025 20:01

The article stressed that throughout his revolutionary career, the founder of modern Vietnam consistently regarded the revolutionary press as a vital part of the Vietnamese Party’s and nation’s revolutionary struggle.

Illustrative image (Photo: Bangkok Post)

Thailand cꦅontinues trade talks with US despite political turmoil

21/06/2025 18:31

Pichai said the trade talks with the US are important and need to move forward professionally, without regard for any political changes in Thailand, believing that Thailand has clear principles, guidelines and procedures in place.

Malaysia's Petronas Twin Towers (Photo: AFP)

Malaysia plans sales, service tax hikes

21/06/2025 06:27

The tax adjustment supports the Malaysian Government’s strategy to reduce reliance on foreign food supply chains and to assist domestic farmers, a finance official has said.

Bangkok's race would take place in a circuit near to Chatuchak Park. (Photo: Getty Images)

Tha🐈iland moves forward with bid to host F1 from 2028–203♔2

21/06/2025 04:35

The proposed venue is located in the Chatuchak area of Bangkok, featuring eight public sites, including Krungthep Aphiwat Central Terminal and several nearby parks.

The fifth Laos–Thailand Friendship Bridge was completed by the end of 2025, facilitating logistics and agricultural exports to Vietnam, Thailand, and China. (Photo: VNA)

Bolikhamxay attracts Vietnamese inves💦tment in agriculture

21/06/2025 02:12

Connectivity is expected to improve further with the completion of the fifth Laos–Thailand Friendship Bridge by the end of 2025, facilitating logistics and agricultural exports to Vietnam, Thailand, and China.

Dr Archina with students of SMK Methodist ACS Klang. (Photo: malaymail.com)

Malaysia explores solar-powered r🐼obot to suppoღrt sustainable aquaculture

21/06/2025 00:08

AquaRover is designed to help farmers monitor water quality, automate surface cleaning, and reduce dependence on manual labor.

Philippines seizes 175 million USD meth haul

20/06/2025 22:25

Two naval gunboats intercepted a fishing vessel carrying 1.5 tonnes of methamphetamine hydrochloride off the coast of the main island of Luzon just before dawn, in a joint operation with the Philippine Drug Enforcement Agency.

The exhibition stall of Vietnam News Agency at the National Press Festival 2025. (Photo: VNA)

❀Cuban journalist praises rev𝔉olutionary press’s role in Vietnamese history

20/06/2025 20:47

In the today context of socio-economic development and growth, the professionalism of Vietnam’s revolutionary journalists continues to rise, guided by exemplary mastery of new information technologies and the modernisation of their founding principles to preserve the enduring values of revolutionary journalism.

Permanent Secretary of the Thai Ministry of Commerce, Vuttikrai Leewiraphan. (Photo: thainews.prd.go.th)

Thailand engages UST♔R on five-point t🦂rade proposal

20/06/2025 17:40

Thai Permanent Secretary of the Ministry of Commerce Vuttikrai Leewiraphan Thailand's formal proposal will be substantial enough for the US to consider further detailed negotiations. He hoped for a tariff rate not exceeding 10% and suggested that the US might extend the negotiation period if an agreement is not reached by the July 8 deadline.

Thai silk designs (Photo: Celebration of Silk)

Thai Silk Road to the World returns wi🦩th global fashion showcase

20/06/2025 16:05

Organised by the Ministry of Culture and the Association of Thai Silk & Culture Promotions, the event honors Her Majesty the Queen on her 47th birthday anniversary and promotes Thai craftsmanship on an international stage.

Prensa Latina's article on Vietnam’s assurance of smooth and effective transition to a leaner structure. (Photo: VNA)

Vietnam’s major administrative overhaul captures Latin Americ🔯a media’s attention

20/06/2025 14:26

Prensa Latina's recent article on Vietnam’s assurance of smooth and effective transition to a leaner structure highlighted Prime Minister Pham Minh Chinh’s latest directions on implementing 28 resolutions regarding the decentralisation and delegation of authority.