PM: There have been robust domestic investments too, not just FDIs

PM: There have been robust domestic investments too, not just FDIs

13 Oct 2024

Malaysia’s impressive economic growth is not solely driven by foreign direct investments (FDIs) but also by domestic investments, said Prime Minister Datuk Seri Anwar Ibrahim.

Speaking at the Associated Chinese Chambers of Commerce and Industry’s (ACCCIM) 78th annual general meeting here on Sunday, he attributed the strong domestic investments momentum to the growing interest, confidence, and commitment shown by domestic players.

“Domestic investments have increased phenomenally, so I thank you (the private sector) for that.

“Following that, if there is an impressive domestic investment [momentum], then I should not tax you (private sector) too highly,” Anwar quipped.

He said the private sector, including businesses, small and medium-sized enterprises (SMEs), and micro SMEs, would be given special focus in the upcoming Budget 2025.

Anwar, who is also finance minister, is scheduled to table the budget in Parliament this coming Friday (Oct 18).

Source: Bernama