Political stability draws many industries to invest in M'sia - PM

The political stability enjoyed under the coalition government over the past year has attracted many global industrial giants to invest in Malaysia, said Prime Minister Anwar Ibrahim.

Anwar, who is also the finance minister, said companies like Google, TikTok, Infineon Technologies AG, China’s automotive company Geely, and Tesla have confidence in Malaysia’s capability because the country has clear policies.

“I asked them what is special about Malaysia. Now, Alhamdulillah, the politics is stable. This political stability helps give confidence to them, there are clear policies.

“It means they know, they come here, this is the economic policy, this is the industrial policy, this is the Madani economy, this is the energy transition.

“I am grateful that Malaysia has gained attention again after lagging behind for some time,” he said at the launch of the Prime Minister’s Gold Hand Award and Skilled Person Award ceremony at the Shah Alam Convention Centre in Selangor today.

Also present were Human Resources Minister V Sivakumar, Deputy Works Minister Abdul Rahman Mohamad, Chief Secretary to the Government Mohd Zuki Ali, and Public Services Department director-general Zulkapli Mohamed.

Anwar said the government will be more aggressive in bringing changes not only to save the country but also to raise the dignity of the country in this region by attracting more investors, managing the economy well, training children, and having good governance.

“This country can no longer be known as a country that tolerates corruption and embezzlement, every fund must be used properly at all levels, from the prime minister down,” he said.

The prime minister said the current political stability would also make it difficult for certain parties “harbouring” hopes of taking over the government now.

At the same time, he also ticked off those who argued about the differences of religion and race but never bothered about the future of the children, including Technical and Vocational Education and Training (TVET) graduates.

As such, Anwar wants industrial training institutes and related agencies to provide adequate training, especially at the highest skill level, following comments from investors on the need for the skills of workers in this country to be improved.

“Geely considers the performance value of workers in Malaysia as very good and satisfactory, the level of professionalism as good. There’s only one problem, which is that the high skill level is, at times, lacking.”

On his support for the Palestine issue, Anwar said he speaks about the issue on the international stage, representing all Malaysians, although it is difficult.

He also slammed the actions of a few parties in the country, which he labelled as discordant voices, that continue to attack him regarding the issue.

“I am not asking for gratitude. Even if don’t want to thank me, just don’t criticise anymore,” he said.

Although he was vocal in voicing Palestinian issues when he attended the 30th Economic Leaders’ Meeting of the Asia-Pacific Economic Cooperation (Apec) in the United States recently, he said it did not affect the decisions of major corporations, including from the US, to continue investing in Malaysia.

According to him, the Global Infrastructure Partners (GIP) company has also decided to jointly take up equity to expand the ports in the country, including the Tanjung Pelepas Port in Johor.

- Bernama

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