KUALA LUMPUR, Dec 8 — The rise in domestic investors indicates growing investor confidence, said Investment, Trade, and Industry (Miti) Minister Tengku Datuk Seri Zafrul Abdul Aziz.
This was proven when as much as 45 per cent of the RM225 billion total approved investments from January to September this year were domestic investors.
“The level of confidence was not as high as it is now. This is due to positive economic overflow resulting from investments made by the local companies,” he said.
Tengku Zafrul was speaking at the "Ada Apa dengan NIMP 2030 - Maju Industri, Maju Ekonomi Rakyat" programme, in conjunction with the Madani Government’s First Anniversary Programme today.
He added that Miti will continue to focus on increasing domestic investors' confidence to invest in Malaysia via the New Industrial Master Plan 2030 (NIMP 2030).
For foreign direct investment (FDI) and domestic direct investment (DDI), Miti will ensure that many other aspects are improved and that the approved investments can be realised as soon as possible.
Malaysia has attracted RM225 billion worth of approved investments in the service, manufacturing and primary sectors in the January-September 2023 period, up 6.6 per cent from the RM211 billion investments approved in the same period last year.
Tengku Zafrul said the government will continue focusing on investments based on vision rather than sectors driving the national economy.
— Bernama
