Clear And Consistent Policies Key To Attracting Foreign Investments
GENEVA, July 7 (Bernama) -- Clear and consistent government policies, backed by political stability, are among the key factors drawing foreign investors to Malaysia, said Communications Minister Datuk Fahmi Fadzil.
Speaking at a gathering with the Malaysian diaspora on Sunday, Fahmi cited the MADANI Economy framework, the 12th Malaysia Plan, the New Industrial Master Plan 2030 (NIMP 2030), and the National Energy Transition Roadmap (NETR) as examples of coherent policies that inspire investor confidence.
'These policies provide clarity and assurance to investors. They trust that such policies won't be changed arbitrarily,' he said.
He pointed to recent data from the Department of Statistics Malaysia (DOSM) and the Ministry of Investment, Trade and Industry (MITI) as proof that Malaysia continues to be a preferred destination for foreign direct investment.
In fact, according to the Malaysian Investment Development Authority (MIDA), approved investments for the first quarter of 2025 totalled RM89.8 billion, a 3.7 per cent year-on-year increase, despite global economic headwinds.
The gathering, held at Rumah Malaysia here, was attended by around 50 Malaysians, including students, professionals, and staff from the Permanent Mission of Malaysia to the United Nations. Also present was Malaysia's Permanent Representative to the UN in Geneva, Datuk Nadzirah Osman.
During the event, Fahmi also highlighted Malaysia's progress in the communications sector.
'Malaysia is among the top 10 countries in the world with the cheapest internet, and we have the second fastest internet speed in the Asia-Pacific region after South Korea,' he noted.
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