PM wants enhanced FDIs, domestic investments and for GLICs roles to be aligned in 2024

03 Jan 2024

The unity government is focusing on economic aspects throughout 2024 to further stimulate the country’s growth.

Prime Minister Datuk Seri Anwar Ibrahim conveyed this directive during the first cabinet meeting of the year, while also highlighting a goal of enhancing both foreign and domestic investments into Malaysia.

Unity government spokesman Fahmi Fadzil said the prime minister also shared views about a need for an alignment in the functions of government-linked investment companies (GLIC) in 2024.

“For 2024, the government’s focus is on the economic aspect, and what is seen as a priority is encouraging domestic and foreign investors to invest in Malaysia.

“This is important not only to stimulate economic growth domestically but also to ensure some alignment is done,” said Fahmi, who is communications minister, during a press conference here today.

Asked whether Anwar has set Key Performance Indicators (KPIs) for all cabinet members, Fahmi said the prime minister would organise meetings, especially with new ministers, to clarify the government’s focus.

“I will personally hold discussions with colleagues from the press secretary, including the corporate communication unit, to bring focus to the communication aspect.

“For other ministries, the prime minister will inform the relevant ministers about various focuses, particularly in the economic aspect, such as facilitating and expediting the process of approving applications or speeding up the approval process, especially in the investment sector,” he said.

Meanwhile, the government agreed to organise ‘Jelajah Madani’ in every state, following its inaugural programme held at the Bukit Jalil National Stadium from Dec 8-10, 2023.

Fahmi said the date and time for this year’s programme are expected to be announced next week.

“The first state to host this tour will be Selangor, followed by the neighbouring state, Negri Sembilan,” he added.

Source: NST