{"id":12041,"date":"2021-10-14T10:48:37","date_gmt":"2021-10-14T02:48:37","guid":{"rendered":"https:\/\/newmalaysiatimes.com\/?p=12041"},"modified":"2021-10-14T10:48:39","modified_gmt":"2021-10-14T02:48:39","slug":"malaysia-ready-to-return-as-regional-and-international-investment-hub","status":"publish","type":"post","link":"https:\/\/newmalaysiatimes.com\/?p=12041","title":{"rendered":"Malaysia ready to return as regional and international investment hub"},"content":{"rendered":"\n

KUALA LUMPUR, Oct 14 —  Malaysia is now ready to be back on track as an investment hub for both regional and international investors, driven by creative and innovative methods in encouraging investments implemented by the government.<\/p>\n\n\n\n

Prime Minister Datuk Seri Ismail Sabri Yaakob said this is also made possible through continuous cooperation with every member of Keluarga Malaysia, with safe bubbles for all businesses with new norms are being safely applied to date.<\/p>\n\n\n\n

\u201cThe Twelfth Malaysia Plan (12MP)\u00a0has outlined nine\u00a0Focus Areas in revitalizing Malaysia\u2019s investment. Among others are in rejuvenating economic growth, strengthening economic enablers, improving social security, eradicating hardcore poverty, and narrowing income gaps throughout the nation.<\/p>\n\n\n\n

\u201cThe uniqueness of multiracial Malaysian, with diverse social strata has long provided opportunities for investors. Different races, for instance, would need a different set of necessities. In another comprehension, more products and services are potentially marketable in this country,\u201d he said in his pre-recorded keynote address at the Invest Malaysia 2021 Virtual Series 1 today.<\/p>\n\n\n\n

The Prime Minister said\u00a0Malaysia provides the most conducive environment for the business communities to invest, among others, being the gateway to the ASEAN market through Regional Comprehensive Economic Partnership (RCEP).<\/p>\n\n\n\n

\"regional\"<\/figure><\/div>\n\n\n\n

\u201cThe 15 countries within the RCEP alone, are generating almost 30 percent\u00a0of global gross domestic product (GDP). It has been estimated that their overall aggregate of GDP income would increase by US$174 billion by 2030.\u00a0This will give our corporations and micro, small and medium enterprises (MSMEs) a more level playing field while facilitating access to larger regional markets.<\/p>\n\n\n\n

\u201cThis climate of growth is further strengthened by Malaysia\u2019s consistent improvement in the field of digital infrastructure. In the past years, Malaysia had witnessed rapid growth in the digital economy, online businesses, and cashless transactions,\u201d he said.<\/p>\n\n\n\n

As for the international stage, he said Malaysia remains an active key player in the Comprehensive and Progressive Agreement for Trans-Pacific Partnership, the\u00a0international economic collaboration provides more than 500 million participants with combined GDP of US$10 trillion.\u00a0<\/p>\n\n\n\n

Meanwhile, he said an essential component of the country\u2019s future lies in the Malaysian Digital Economy Blueprint (MyDIGITAL) and National Fourth Industrial Revolution (4IR).<\/p>\n\n\n\n

He said both of these are aligned with the National Policy on Science, Technology and Innovation (DSTIN) 2021-2030 which aims to develop Malaysia as a high-tech nation by 2030.<\/p>\n\n\n\n

\u201cWith the 4IR, we aim to create an ecosystem within our economy that will be led by science, technology, and innovation. It will facilitate local technology development, by creating economic opportunities and developing talents in areas such as Artificial Intelligence, the Internet of Things, and Blockchain Technologies.<\/p>\n\n\n\n

\u201cMoreover, with MyDIGITAL, areas of policy-making will be focusing on developing the infrastructure and human capital. This will ensure broad access and optimum utilization of new generation of technologies,\u201d he said.<\/p>\n\n\n\n

In reaching such targets,\u00a0the Prime Minister said the government has identified significant key strategies in economic reform, which were\u00a0designed to escalate economic recovery and enhance the country\u2019s competitive landscape for investors, allowing\u00a0wider participation from both regional and international investors.<\/p>\n\n\n\n

\u201cMalaysia has given special attention to green technologies in the 4IR. Our future is connected to the environment\u2019s health. As more countries adopt carbon neutrality targets, Malaysia has begun encouraging numerous sectors and industries in developing the necessary technology.<\/p>\n\n\n\n

\u201cIn the light of this, Bursa Malaysia and various government ministries are now consistently collaborating to launch a voluntary carbon market, in transiting into a zero-carbon economy,\u201d he said.<\/p>\n\n\n\n

To date, Ismail Sabri said the public\u00a0and the private sectors are working together on a shared vision and strategies in ensuring inclusive environmental-friendly economic growth.<\/p>\n\n\n\n

\u201cNevertheless, we aim\u00a0of becoming a carbon-neutral country as early as 2050,\u201d he added.<\/p>\n\n\n\n

\u00a0— BERNAMA<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

KUALA LUMPUR, Oct 14 —  Malaysia is now ready to be back on track as an investment hub…<\/p>\n","protected":false},"author":1,"featured_media":12042,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[524],"tags":[],"class_list":["post-12041","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-nation"],"featured_image_urls":{"full":["https:\/\/newmalaysiatimes.com\/wp-content\/uploads\/2021\/10\/Screen-Shot-2021-10-14-at-10.45.53.png",588,317,false],"thumbnail":["https:\/\/newmalaysiatimes.com\/wp-content\/uploads\/2021\/10\/Screen-Shot-2021-10-14-at-10.45.53-150x150.png",150,150,true],"medium":["https:\/\/newmalaysiatimes.com\/wp-content\/uploads\/2021\/10\/Screen-Shot-2021-10-14-at-10.45.53-300x162.png",300,162,true],"medium_large":["https:\/\/newmalaysiatimes.com\/wp-content\/uploads\/2021\/10\/Screen-Shot-2021-10-14-at-10.45.53.png",588,317,false],"large":["https:\/\/newmalaysiatimes.com\/wp-content\/uploads\/2021\/10\/Screen-Shot-2021-10-14-at-10.45.53.png",588,317,false],"1536x1536":["https:\/\/newmalaysiatimes.com\/wp-content\/uploads\/2021\/10\/Screen-Shot-2021-10-14-at-10.45.53.png",588,317,false],"2048x2048":["https:\/\/newmalaysiatimes.com\/wp-content\/uploads\/2021\/10\/Screen-Shot-2021-10-14-at-10.45.53.png",588,317,false],"newsium-slider-full":["https:\/\/newmalaysiatimes.com\/wp-content\/uploads\/2021\/10\/Screen-Shot-2021-10-14-at-10.45.53.png",588,317,false],"newsium-featured":["https:\/\/newmalaysiatimes.com\/wp-content\/uploads\/2021\/10\/Screen-Shot-2021-10-14-at-10.45.53.png",588,317,false],"newsium-medium":["https:\/\/newmalaysiatimes.com\/wp-content\/uploads\/2021\/10\/Screen-Shot-2021-10-14-at-10.45.53.png",588,317,false]},"author_info":{"info":["Editor"]},"category_info":"Nation<\/a>","tag_info":"Nation","comment_count":"0","_links":{"self":[{"href":"https:\/\/newmalaysiatimes.com\/index.php?rest_route=\/wp\/v2\/posts\/12041","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/newmalaysiatimes.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/newmalaysiatimes.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/newmalaysiatimes.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/newmalaysiatimes.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=12041"}],"version-history":[{"count":1,"href":"https:\/\/newmalaysiatimes.com\/index.php?rest_route=\/wp\/v2\/posts\/12041\/revisions"}],"predecessor-version":[{"id":12043,"href":"https:\/\/newmalaysiatimes.com\/index.php?rest_route=\/wp\/v2\/posts\/12041\/revisions\/12043"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/newmalaysiatimes.com\/index.php?rest_route=\/wp\/v2\/media\/12042"}],"wp:attachment":[{"href":"https:\/\/newmalaysiatimes.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=12041"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/newmalaysiatimes.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=12041"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/newmalaysiatimes.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=12041"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}