Govt must enact clear policies to attract, retain investors — PM

Govt must enact clear policies to attract, retain investors — PM

06 Dec 2023

The government has an important role in enacting clear and integrated policies to attract and retain investors in Malaysia, says Prime Minister Datuk Seri Anwar Ibrahim.

In a Facebook post yesterday evening, he said the approach to dealing with the industry also needs to be instilled in a way so the policies and initiatives created are in line with current and future needs.

These were among the topics he shared during the courtesy visit of Semiconductor Industry Association (SIA) vice president (global policy) Mary Thornton and her delegation yesterday.

“In this meeting, SIA members took the opportunity to inform me about industry planning and recommendations in strengthening Malaysia’s attractiveness as a destination for foreign investment, especially at the high-value chain level.

“Among other things, I explained the government’s important approach, which encourages the private sector to lead skills centres as a step to overcome the issue of the new workforce not matching the needs of the industry,” said Anwar.

The delegation also agreed the ecosystem of small and medium enterprises which contributed to the production chain of the world’s major companies should always be emphasised and supported.

SIA has been the voice of the US semiconductor industry for over four decades, and its members represent more than 99 per cent of the US semiconductor industry by revenue and nearly two-thirds of non-US chip firms.

Source: Bernama