Malaysia’s premier said on Thursday ( Jan 9 ) that it wants to optimize its location and become a catalyst for the diversification of energy and supply chains this year. This year, Malaysia wants to become a leader in the electronics industry and Islamic finance.
Addressing an economical website, Prime Minister Anwar Ibrahim said Malaysia’s business rebounded considerably last year, with an influx of corporate investments, most significantly in alternative energy and artificial intelligence infrastructure.
Malaysia is quickly emerging as a shelter in Southeast Asia, and foreign investors are returning as a result of improving growth and stability of the currency sets it apart from other nations that are dealing with social uncertainty and doubt.
” In 2025, we want to double down on our physical importance, as a pipe for energy, skills and provide network diversification”, he said, adding inflation and the ringgit were steady and the stock market had performed well.
Malaysia’s business was helped by a slew of online opportunities from big tech companies last season, including Alphabet’s Google, with growth exceeding market expectations in the second and third quarters and the dinars becoming one of Asia’s leading performers in 2024.
Anwar last year said Malaysia was targeting at least RM500 billion ( US$ 107 billion ) in investment for its semiconductor industry, as it looks to position itself as a global hub.