PM: M'sia should leverage rare earth industry’s vast potential

Malaysia should fully leverage the vast potential of the local rare earth element (REE) industry, said Prime Minister Anwar Ibrahim.

During today’s National Economic Action Council (MTEN) Meeting, Anwar emphasised that collaborations with international experts should aim to develop the entire industry chain within the country.

“Strengthening enforcement is crucial to prevent resource exploitation, which could reduce government revenues and impede the growth of the REE industry.

“We are also reviewing the ‘New Deal for Business’ initiative to position Malaysia as a preferred business destination, a vital step given our standing in the global competitiveness index,” he said on social media today.

Anwar added that the government is confident that these efforts will enhance investor confidence and strengthen Malaysia’s economic foundation.

- Bernama

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