Malaysian Senior Minister cum International Trade and Industry Minister Azmin Ali (Photo: malaymail.com) Kuala Lumpur (VNA) - The Malaysian Government has approved the National InvestmentAspirations (NIA), a forward-looking growth framework that will outline thebasis for Malaysia’s investment policy reforms.
In a statement on April 21,Malaysian Senior Minister cum International Trade and Industry Minister AzminAli said the NIA would focus on revitalising Malaysia’s investment climate,attracting high-quality investments into the country and creating high-incomejobs, particularly post COVID-19.
Moving forward, Malaysiawill adopt a comprehensive approach to reinvigorating the investment ecosystemand respond adequately to emerging megatrends, as well as the evolving needs ofour investors.
Malaysia needs to rise tothis challenge by continuously enhancing unique value propositions which spanacross a wide array of elements such as incentives, facilitation, talent,infrastructure, as well as legal, regulatory, procedural and institutionalmechanisms, he said.
He added that the NIAwould focus on inclusivity and sustainability that is compatible with theenvironmental, social and governance (ESG) goals, as new investments that areanchored upon these elements would propel growth in the technologicallysophisticated sectors, as well as strengthen forward and backward linkages.
According to him, the NIAencourages sustained flow of quality investments in new and possibly complexgrowth areas, foster innovation and sophistication, create greater jobopportunities and improve income prospects./.
