'Stable govt attracts foreign investments, increases job opportunities'

The country’s political stability under the government in addition to its clear economic policy has successfully attracted foreign investment to Malaysia, which in turn is capable of providing employment opportunities to the rakyat, says Prime Minister Anwar Ibrahim.

He said this was proven by several new investments from abroad such as Tesla, which has already expressed intention to open its headquarters for the region in Cyberjaya.

"I met Geely (Chinese automotive firm Zhejiang Geely Holding Group Co Ltd ) in Beijing and 10 days ago, they wrote me a letter and agreed to make Tanjung Malim, Perak as a Southeast Asian Automotive High-Tech Valley for export overseas, they have invested RM10 billion," he said while speaking at a Madani ceramah in Kampung Melayu, George Town last night.

Also present were Deputy Prime Minister and BN chairperson Ahmad Zahid Hamidi, Umno secretary-general Asyraf Wajdi Dusuki and DAP national chairperson Lim Guan Eng.

Anwar, who is also Pakatan Harapan chairperson, also denied claims that the investment by German semiconductor solutions provider - Infineon Technologies AG - was brought to Kulim in Kedah by caretaker Kedah menteri besar Muhammad Sanusi Md Nor, saying that it was an effort by the federal government instead.

"He said ‘I (Sanusi) brought the investments due to discussions held two years ago', this is the problem of (playing) politics, I want to let him (Sanusi) know that Infineon met me and Investment, Trade and Industry Minister Tengku Zafrul Abdul Aziz and informed that they wish to invest in Kulim High Tech.

"It's a federal government project. They've been saying for months that they want to invest, but it was not determined yet if they were going to invest in Malaysia because they hadn't made a decision (on where) to invest, whether it's America, Europe or other countries, but they asked me whether the country was politically stable, I answered in the affirmative that we are stable and will remain so for the next five years until the next election.

"Four days ago, they made a decision to invest here, but Sanusi said two years ago they had told him (that they were going to invest here). He can look at the statement of the company’s board which decided to invest €5 billion in Malaysia four days ago, " he said.

- Bernama