: Malaysia will go to the polls on Saturday to elect a new government as the country continues to recover from the tripartite problems of the pandemic Covid-19, the global geopolitical crisis and climate change that have greatly affected the livelihood of its 32 million population.
Malaysia’s total net Foreign Direct Investment inflows for the first nine months amounted to RM54 billion compared to RM29.7 billion recorded during the same period last year, exceeding the levels recorded prior to the pandemic. Ismail Sabri’s policies have enabled the country to register better growth as well as keep inflation at bay, recording an inflation rate of 4.5 percent in September compared to 4.7 percent in August, despite having to spend RM77.7 billion on subsidies to control prices of food items which soared due to global warming and the Ukraine-Russian conflict.
Saeed believed that the Malaysian government has given the policy framework and economic confidence to the people that have attracted FDI into the country due to consistent policy. According to him, that's why the Malaysian government was able to open the economy ahead of its northern and southern neighbours. The others were struggling but Malaysia was the first to open its economy giving it a boost and that gives a positive signal to global investors that Malaysia is ready for business.