Malaysia's top placing on investment index underscores strong foreign investor confidence

KUALA LUMPUR: Malaysia's first placing in the 2022 Milken Insitute Global Opportunity Index as an investment destination for foreign investors in emerging Southeast Asia underlines the government's efforts to drive the country's economic reform, says International Trade and Industry Minister Datuk Seri Azmin Ali.

The senior minister said in a statement that the country's top spot on the index signals foreign investors' strong confidence in the country's agile business ecosystem and vibrant economy.

"This clearly underscores the success of Miti’s massive efforts in implementing policies that ensure the readiness of talent and the protection as well as creation of jobs for the economy.

"Aggressively seeking out opportunities particularly in new growth areas, driving greater collaborations with the industries on upskilling and reskilling initiatives and drawing more strategic investments into the country will remain MITI’s focus in securing Malaysia’s position as the most attractive foreign investment destination," he added.

The index, which was published yesterday, said Malaysia topped the list due to its strong performance across all categories measured, namely having a strong economic performance, offering a highly qualified workforce and being

firmly integrated with the global economy.

According to Azmin, the report highlighted Malaysia's steps to relax restrictions and enact policies in capitalising on its trade developments.

These measures are an impetus to lead the nation to increased innovation, job creation, and global competitiveness, he said.

Azmin noted the government's commitment to strengthen institutional frameworks and deepening regional integration through mega Free Trade Agreements such as the Regional Comprehensive Economic Partnership (RCEP) Agreement and the soon-to-be ratified Comprehensive and Progressive Agreement for Trans-Pacific (CPTPP).

"Miti will continue efforts to drive Malaysia’s robust and sustainable growth underpinned by an open economy, with business-friendly and pragmatic policies that foster an attractive and conducive investment climate," he concluded.
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