BERNAMA – Malaysia has secured a total of MYR63.02 billion in proposed investments in the United States (US) mainly from technology giants, Prime Minister Datuk Seri Anwar Ibrahim said.
Out of the total, MYR8.33 billion investments were from the trade and investment mission to the US organised before the start of the Asia-Pacific Economic Cooperation (APEC), while the remaining investments were from the various one-on-one meetings held by Anwar. The investments from the trade mission are from Abbott Laboratories, Mondelez International, Amsted Rail, Hematogenix, PerkinElmer, Ford Motor Company, Boeing, Amazon Web Services, Enovix and Lam Research.
“The remaining (investments) have been secured from one-on-one meetings with technology giants such as Google, Enovix Cooperation, Microsoft, TikTok as well as TPG,” he told the Malaysian media at the end of his official visit to the US. TikTok’s investment is quite big, he said, adding that it all boils down to how fast Malaysia approves these investments.
“And taking into consideration any necessary approval and incentives. I emphasise the issue of technology transfer, training so that our capabilities in the fields we explore are more advanced and challenging,” he said. Malaysia is also actively courting electric vehicle players, including Tesla.
“Well, he seems to be positive about Tesla’s presence in Malaysia,” Anwar said when asked on his video call with Tesla’s Chief Executive Officer (CEO) Elon Musk.
Anwar, who is also the finance minister, said Tesla’s presence in Malaysia is a very good indicator for the country. “The Super Charging station will be further increased in Malaysia,” he said.
Malaysia’s stance on the importance of efforts to attract investment was also voiced by the prime minister at the APEC 2023 CEO Summit, particularly concerning the aspect of clear and consistent investment policies.
The implementation of these policies and strategies plays a role in attracting investment into the country.
