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Investors interested in Malaysia's economic potential, says finance minister

Investors interested in Malaysia's economic potential, says finance minister

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Investors are showing a high interest in understanding the fundamentals and potential of the Malaysian economy, Finance Minister Amir Hamzah Azizan reportedly said. 

Speaking with investors in New York, United States, the minister reportedly added that investors have shown interest in the progress of implementing the Madani economic reform agenda. 

Don't miss: Digital economy takes up 70% of Malaysia's RM225bil investments, said trade minister

The investment confidence, according to Amir, is stronger following the fiscal reforms implemented by the government.

This includes reducing the deficit, the 'Public Finance and Fiscal Responsibility Act' and targeted subsidies such as electricity and water. 

In addition, Amir also reportedly held engagement sessions with investors, and is expected to meet with around 50 global investors from various industries and businesses in the United States. 

The minister will also reportedly attend the Spring Meetings of the International Monetary Fund (IMF) and World Bank Group 2024 (WBG) in Washington DC in the next few days. 

In September last year, Malaysia managed to secure over RM37.4 billion in investment commitments in the digital technology sector, according to Fahmi Fadzil, the country’s communications and digital minister.

Speaking at the Malaysia Digital Expo (MDX), Fadzil reportedly said that this inflow of investments promises the creation of at least 15,895 high-value jobs.

This, he added, is a reflection of foreign investors’ confidence in Malaysian Digital, which is the national strategic initiative driving the digital economy.

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