Investors optimistic about Malaysia’s economic prospects – Azmin
KUALA LUMPUR: The government is confident that local and international investors remain optimistic about maintaining their investments despite the country’s low growth in the second quarter of this year, Senior Minister cum International Trade and Industry Minister Datuk Seri Mohamed Azmin Ali said.
He said the government’s commitment through the RM295 billion economic stimulus packages worth RM295 billion, a reduction in the unemployment rate, as well as the success in tackling the Covid19 pandemic, have strengthened the confidence of investors and business community.
In addition, the World Bank and International Monetary Fund’s (IMF) projections of Malaysia’s gross domestic product (GDP) of between 6.3 per cent and 7.5 per cent for 2021 also contributed to investor positive sentiment towards the country, he said.
“Although this is just a projection, it shows the level of confidence of foreign and local investors in Malaysia and the Perikatan Nasional (PN) government.
“In order to record a positive growth as projected by the IMF and World Bank, we need to accelerate the country’s economy from now onwards,” he told Bernama after launching the National Month Celebration 2020 here yesterday.
Azmin, who also launched the Ministry of International Trade and Industry (MITI)-level Covid-19 Awareness Campaign, urged companies in Malaysia to pledge the standard operating procedure ( SOP) compliance to the MITI database system – CIMS 3.0, besides declaring company information by registering with the system.
Meanwhile, he said the government remained committed to maintaining Malaysia as a competitive investment destination, while attracting more foreign investors to invest in the country, especially in the midst of the US-China trade conflict. — Bernama