PHNOM PENH: A new investment, representing the government’s “highest commitment”, will be announced either on Thursday or Friday, says Prime Minister Anwar Ibrahim.
He said the announcement will be made in conjunction with his three-day visit to China beginning on Wednesday. He said “only this (investment) can ensure the people’s welfare, education and health”.
Anwar, who was on a one-day visit to Cambodia, was speaking at a gathering of Malaysians who live there.
He said his government would ensure the continued growth of the country’s economy and ensure that Malaysia is able to continue attracting investments.
All related aspects, including infrastructure and incentives, would be enhanced in addition to focusing on digitalisation.
“When change happens, it can attract foreign investments. As an example, Amazon wants to invest in Malaysia although other countries offered attractive incentives. When the company comes here (to Malaysia), it will also attract other companies,” he said.
Anwar said the government wants government-linked companies (GLCs) to be more transparent and focused rather than competing against the private sector.
“If there are projects, the private sector and GLCs need not compete,” he said in reply to a question from a guest on the view that Malaysia’s GLCs are giant rivals to other businesses. - FMT
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