MIDA says Malaysia ranked above Thailand and China, in terms of investment conditions in Milken report

18 Mar 2024

Malaysian Investment Development Authority (Mida) said Malaysia ranked above Thailand and China in terms of investment conditions, in a report by Milken Institute.

Mida said in a statement Malaysia ranked 27th in the Global Opportunity Index (GOI) 2024.

Mida said Malaysia emerged as a standout among the top 10 countries in emerging and developing Asia, boasting a strong institutional framework and balanced strengths across economic, financial and regulatory domains.

Malaysia surpassed its counterparts in five categories of the GOI, offering a comparatively lower-risk investment landscape.

The report said in addition to its robust Business Perception and Financial Services, Malaysia ranks relatively high in the Institutional Framework category, partly due to the strength of investors’ rights in this country.

Mida said the ranking in the GOI 2024 is a reflection of the relentless efforts by the government, spearheaded by the Investment, Trade and Industry Ministry, with Mida playing a crucial role in enhancing the ease of doing business and smoothing out the investment process across the nation.

From extensive trade and investment missions to forging international partnerships, Malaysia’s concerted efforts are bearing fruit, unlocking potential investments worth billions.

Notably, the recent working visit to Germany led by Prime Minister Datuk Seri Anwar Ibrahim marked a significant milestone with prospective investments amounting to RM45.4 billion.

This venture, coupled with a similarly fruitful mission to Australia which resulted in investment commitments of RM24.5 billion, underscores Malaysia’s adeptness in navigating the international investment landscape.

The GOI 2024 is based on 100 indicators classified into five categories: Business Perception, Economic Fundamentals, Financial Services, Institutional Framework, and International Standards and Policy.

Source: NST