MALAYSIA Tanah Tumpah Darahku


Saturday, November 18, 2023

Malaysia bags RM63bil in US investment, says Anwar


Prime Minister Anwar Ibrahim said it all boils down to how fast Malaysia can process the new investments. (Bernama pic)

SAN FRANCISCO: Malaysia has secured a total of RM63 billion in proposed investments in the US, mainly from technology giants, Prime Minister Anwar Ibrahim said today.

He said RM8.33 billion comes from the trade and investment mission to the US organised before the start of the Asia-Pacific Economic Cooperation (Apec) summit, and the remainder from the various one-on-one meetings held by him here.

The investments from the trade mission are from Abbott Laboratories, Mondelez International, Amsted Rail, Hematogenix, PerkinElmer, Ford Motor Company, Boeing, Amazon Web Services, Enovix, and Lam Research.

“The remaining (investments) have been secured from one-on-one meetings with technology giants such as Google, Enovix Corporation, Microsoft, TikTok as well as TPG,” he said.

TikTok’s investment is quite big, Anwar said, adding that it all boils down to how fast Malaysia approves these investments.

“Taking into consideration any necessary approval and incentives. I emphasise the issue of technology transfer and training so that our capabilities in the fields we explore are more advanced and challenging,” he said.

“Elon Musk seems to be positive about Tesla’s presence in Malaysia,” he said when asked about his video call with Tesla’s chief executive officer.

Anwar, who is also the finance minister, said Tesla’s presence in Malaysia is a good indicator for the country.

“The super charging station will be further increased in Malaysia,” he said.

Malaysia’s stance on the importance of efforts to attract investment was also voiced by the prime minister at the Apec CEO summit 2023, particularly concerning the aspect of clear and consistent investment policies.

“The implementation of these policies and strategies plays a role in attracting investment into the country.

“The need to establish a one-stop centre for crucial investments is essential but it should also be more proactive in facilitating and expediting the implementation of investment processes and procedures,” he said. - FMT

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