Proposed carbon tax won't hinder companies investing in Malaysia, PM Anwar assures French industry leaders
The Prime Minister said the proposed tax would be carried out cautiously and gradually, adding: 'We are finalising that in the next few months.'
'I know about the trend of decarbonisation (that is) strong and compelling but we have to be realistic. The proposed tax should not be seen as a problem at the expense of investing companies,' the prime minister said during a question and answer session at a round table with French captain of industries here on Friday (July 4).
More than 42 representatives from French companies and 18 from Malaysian companies attended the event.
The French representatives had positive remarks about working in Malaysia, with several of them noting they invested in Malaysia because they believed in it.
Anwar also said Malaysia, which focusses on neutrality, was friendly to all including having excellent relations with China, adding that having economic fundamentals remained the core focus.
'We engage and respond to all. At the end of the day, peace and stability are important in carrying out business. And we are in one of the most peaceful regions in the world and one with the fastest growing economies.' Follow us on our official WhatsApp channel for breaking news alerts and key updates!
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