SHAH ALAM: International firms are more confident about doing business in Malaysia under the current government, says Prime Minister Anwar Ibrahim.
He said this was based on conversations he had with representatives from companies such as Google and TikTok during the 30th Asia-Pacific Economic Cooperation (Apec) Economic Leaders’ Meeting in the US last week.
“I asked them why they think Malaysia is a good place to do business, and they said that the current political climate is more stable.
“This stable political situation has given them the confidence to do business here,” he said at an event held at the Shah Alam Convention Centre here.
Anwar added that companies such as Zhejiang Geely Holding Group Co Ltd (Geely) are happy with the performance and quality of its Malaysian workforce.
He then announced that the Chinese automobile manufacturer would allocate 300 posts at its university in Beijing for Malaysian students to be trained as engineers, technical and vocational education and training (TVET) graduates, and other technical skilled workers.
“This is so that we can fill the need for these kinds of workers,” he said.
On Oct 10, Anwar announced that Geely planned to increase its investment in Malaysia, including making the country a vehicle manufacturing hub for export purposes.
It was also announced that Geely would increase its participation in the field of research and development as well as the provision of local skilled workers, in line with the needs of the industry in the future.
Source: https://www.freemalaysiatoday.com/category/nation/2023/11/23/international-firms-more-confident-about-investing-in-msia-now-says-pm/