Political stability led to 60% rise in investments, says Tengku Zafrul

Political stability led to 60% rise in investments, says Tengku Zafrul

03 Aug 2023

Malaysia saw a 60% rise in foreign and domestic investments in the first quarter of 2023, which Tengku Datuk Seri Zafrul Tengku Abdul Aziz attributes to political stability.

The Investment, Trade and Industry Minister said the figure represented over 1,200 projects and would create 25,000 new job opportunities.

“The main reason for the remarkable 60% increase in foreign and local investment is simple – the political stability of our country is attributed to the unity government model of cooperation.

“I hope Negri Sembilan voters can make the right decision by supporting a state government that is in alliance with the central government, ensuring that they work together to benefit the people,” he said while campaigning for Barisan Nasional’s Bagan Pinang candidate, Mohd Najib Mohd Isa, on Thursday (Aug 3).

Mohd Najib will be in a straight fight for the Bagan Pinang seat against Perikatan Nasional’s candidate Abdul Fatah Zakaria in the state polls on Aug 12.

Tengku Zafrul said when the federal and state governments work in parallel, it is easier to implement policies and assist the people.

“This alignment allows for better allocation of resources, smoother policy implementation and a more comprehensive approach to addressing the needs and concerns of the citizens,” he added.

Malaysia’s trade and investment missions have secured committed investments from four countries worth US$49bil (RM230bil).

The four countries are Singapore (RM13bil), South Korea (RM24bil), China (RM170bil), and Japan (RM23bil).

Source: The Star