Anwar attributes positive investment growth to domestic contributions

Anwar attributes positive investment growth to domestic contributions

13 Oct 2024

Prime Minister Datuk Seri Anwar Ibrahim attributed this year’s positive investment outcomes to domestic investment.

“We are fortunate to have foreign investment; however, domestic investment is also very high.

“Hence, when we say we have achieved good success this year, it’s not just because of foreign direct investment, but also because of the growing interest, confidence, and commitment from our domestic players.

“Domestic investment has increased phenomenally and for that, I thank you (the industry players).

“Given this impressive domestic investment, I should not discourage you (the industry players); I should not tax you too highly,” he said, which received applause from the guests.

Anwar said this in his speech at the Associated Chinese Chambers of Commerce and Industry of Malaysia (ACCCIM) 78th annual general meeting today.

Present were Deputy Investment, Trade and Industry Minister Liew Chin Tong, the Chinese Chamber of Commerce and Industry of Kuala Lumpur and Selangor president Datuk Ng Yih Pyng and ACCCIM outgoing president Tan Sri Low Kian Chuan.

Meanwhile, in his speech that also touched on the upcoming Budget 2025, Anwar said alongside business and economic opportunities, special focus would be given to small and medium enterprises and macro, small and medium enterprises, as detailed in the Madani economic framework.

“We will also address any administrative weaknesses, with our newly appointed chief secretary to the government prioritising these concerns,” he said.

Source: NST