Anwar: Gov’t focused on strategies to keep Malaysia a leading investment destination

PRIME MINISTER Datuk Seri Anwar Ibrahim affirmed that the government is actively identifying and implementing new strategies to maintain Malaysia's position as an attractive and competitive investment destination.

He highlighted several key initiatives that have already drawn positive responses from investors, such as the Johor-Singapore Special Economic Zone (JS-SEZ).

This initiative has garnered praise not only from Singapore but from other countries as well, marking a significant step in boosting regional economic cooperation.

"We are also working closely with Thailand to foster growth in the northern states of Peninsular Malaysia—Perlis, Kedah, Kelantan, and Terengganu—along with the four southern provinces of Thailand," Bernama cited Anwar saying today.

"We’ve held two meetings, and another one is scheduled for February 18, where we will discuss strategies to drive this development forward."

Anwar was responding to a question posed during the Ministers' Question Time in the Dewan Rakyat by Syerleena Abdul Rashid (PH-Bukit Bendera), who inquired about the government's efforts and incentives aimed at positioning Malaysia as a leading investment hub.

The Prime Minister clarified that the government’s collaboration with Thailand is distinct from the JS-SEZ initiative.

He also pointed out that for Sarawak, the primary focus is to establish the region as a key energy hub within the ASEAN framework.

"One of our strategic goals is to integrate Malaysia into the ASEAN Energy Grid, which will connect nations such as Vietnam, Laos, Cambodia, Thailand, Malaysia, Singapore, and extend to Indonesia and the Philippines," he said.

"From Sarawak, the grid will also link to Sabah, Kalimantan, and the Philippines."

Furthermore, Anwar outlined plans to enhance Malaysia's investment opportunities, particularly in Forest City, by developing it into a financial center. He revealed that new incentives would soon be introduced for Forest City, potentially leveraging Kuala Lumpur's TRX financial hub to attract more investment.

These initiatives are part of the government's broader strategy to strengthen Malaysia’s global competitiveness and solidify its position as a key player in the regional economy. – February 13, 2025