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PM: Political stability key to spurring investor confidence

PM: Political stability key to spurring investor confidence

13 Mar 2024

Prime Minister Datuk Seri Anwar Ibrahim said renewed investor confidence in Malaysia can be attributed to its political stability.

He said the exchanges he had with captains of industry in Germany, which has so far generated potential investment interest beyond RM44 billion, have been fruitful.

“We have had impressive support, from the politics leaders such as the German Chancellor (Olaf Scholz), and the exchanges have been frank, fruitful and wide ranging.

“Support from the captains of industry have been really good. We’ve recorded potential investment interest exceeding RM44 billion and these exchanges have been useful for us,” he said during a get together with the Malaysian diaspora in Germany here today.

Political stability, he said, was important.

“People must be confident that we are staying for years to come. It’s also important that we have clarity in our policies,” he said.

Anwar said Malaysia has “lost some time” due to the political instability but has since regained its footing to improve the economy.

“We’ve lost some time but have regained our footing. Only this way can we raise country’s dignity and improve the livelihood of all Malaysians,” Anwar told a crowd of more than 300 people.

He was accompanied by International Trade and Industry Minister Tengku Datuk Seri Zafrul Tengku Abdul Aziz, Foreign Minister Datuk Seri Mohamad Hasan, Entrepreneur Development and Cooperatives Minister Datuk Ewon Benedick.

Also present was Malaysian ambassador to Germany, Datin Paduka Dr Adina Kamarudin.

Anwar had earlier in the day held a roundtable meeting with German captains of industry. He also held private meetings with senior management of selected companies as part of his six-day visit to Germany.

Source: NST