Malaysia secured commitments for RM347bil in foreign investments, says PM
Prime Minister Anwar Ibrahim’s visit to China earlier this year had secured substantial investment commitments. (Bernama pic)
PETALING JAYA, 29 NOVEMBER 2023: Malaysia has secured investment commitments worth RM347 billion through Prime Minister Anwar Ibrahim’s official visits abroad, along with trade and investment missions conducted overseas.

Anwar said the commitments were secured during trips to China, Singapore, Japan, South Korea, the United Arab Emirates, Saudi Arabia and the US.

“The investment commitments are quite large and very encouraging, both resulting from the visits and efforts of government agencies, including (under) the investment, trade and industry ministry,” he told the Dewan Negara today, when tabling the 2024 supply bill for a second reading.

Anwar also said the government has approved investments valued at RM132.6 billion in the first half of 2023, which represents more than 60% of the full-year target, according to Bernama.

“The main thing (achievement) is the gross domestic product (GDP) growth of 3.3% achieved in the third quarter of this year, compared with 2.9% in the second quarter.

“Our economy expanded 3.9% in the first nine months of 2023, in line with the GDP forecast of about 4% for 2023,” he said.

The prime minister also noted that inflationary pressures have subsided.

“When the current administration took over, inflation was at 4%. In October 2023, the inflation rate moderated to only 1.8%, the lowest in this region and better than in developed countries,” he said.

Anwar added that the unemployment rate has dropped to 3.4% as of September 2023, almost back to pre-pandemic levels, when the rate was 3.3%.
Source: Free Malaysia Today 

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