GEORGE TOWN: Malaysia is on track for healthy gross domestic product (GDP) growth this year, driven by strong foreign and domestic investments, says Datuk Seri Amir Hamzah Azizan.
The Finance Minister II said the projected growth is also supported by sustained demand for artificial intelligence, data centres and semiconductors.
He noted that the nation’s economy remained resilient, with GDP expanding 5.4% in the first quarter of the year.
“We see foreign direct investment flowing in. Domestic direct investment remains strong and public spending is robust,” he said after visiting the Intel Pelican Project in Bayan Lepas yesterday.
Amir Hamzah said the government is working to ensure that key economic sectors continue to attract investors.
He said Putrajaya wants to encourage more domestic investments, particularly from government-linked companies.
“There are many opportunities to further strengthen Malaysia’s prospects.
“We already have a strong ecosystem, especially in the northern region, and that gives investors confidence.
“Our focus is to strengthen the ecosystem further, attract investment, create jobs and ensure Malaysia continues to grow,” he added.
Amir Hamzah said the government is focused on raising incomes, including moving towards a living wage and increasing civil servants’ salaries.
He added that higher incomes will result in greater purchasing power and support domestic spending.
On the technology sector, he said demand for AI, data centres and semiconductors remained strong, especially in the northern region.
“Malaysia remains a preferred destination for global investors because we have a mature supply chain and the ability to support digital and high-tech industries.
“The government will continue building an ecosystem that helps investors set up and grow here, strengthening Malaysia’s position as a regional semiconductor hub.”
