PETALING JAYA: Malaysia’s achievement in securing RM83.7bil of approved investments across various sectors in the first quarter of this year signals strong economic growth, with the country moving in the right direction, according to economists and experts.
He said the country has decent supporting factors such as roads, expressways, ports, a steady supply of electricity, a talent pool, and sound regulatory requirements that allow for environmental sustainability. Tengku Zafrul said the approved investments of almost RM84bil in the first quarter of 2024 reflected investors’ confidence in Malaysia.
Malaysia is now 34th out of 67 countries in the latest IMD ranking, falling seven places from its previous position. “Global competitiveness is one of the main targets of the Madani Economy. This is not just the Prime Minister’s goal; it is also our country’s.