Latest news with #Maldives-MalaysiaBusinessForum2025
The Sun
28-04-2025
- Business
- The Sun
Maldives undertakes reforms to attract investors
KUALA LUMPUR: The Maldives is inviting Malaysian companies to explore new investment opportunities in strategic sectors, following significant legal reforms aimed at attracting foreign investors. Maldives President Dr Mohamed Muizzu said that among the key initiatives was the enactment of a new Foreign Investment Law in December 2024. 'The new legislation, aligned with international best practices, ensures robust investor protection, transparency, and predictability while giving legal force to both bilateral and multilateral investment treaties. 'This is not merely a legislative reform. It is a clear signal that the Maldives is serious about welcoming the world's best partners on trusted, solid grounds,' he said at the Maldives-Malaysia Business Forum 2025 here today. Highlighting Malaysia's global competitiveness and strong commitment to sustainable development, Muizzu said there was tremendous potential for Malaysian companies to contribute meaningfully to the Maldives' growth story while unlocking real value in return. 'Sectors that may attract investors include real estate, tourism, logistics, renewable energy, and Special Economic Zones (SEZs). 'Our revitalised SEZs offer incentives designed to attract forward-looking investors, and our renewable energy initiatives align with the global shift towards sustainability,' he said. Muizzu added that the Maldives' strategic location along key shipping routes and its thriving tourism sector present significant opportunities for Malaysian businesses seeking expansion into the maritime and logistics sectors. The Maldives president is on his first official visit to Malaysia lasting four days, since assuming the presidency in November 2023, at the invitation of the Malaysian Prime Minister Datuk Seri Anwar Ibrahim. Anwar was also present at the event, where he delivered a keynote address. In 2024, Malaysia's total trade with the Maldives increased by 4.3 per cent to US$189 million (RM862.7 million) from US$180.9 million (RM827.3 million) in 2023, making the archipelagic nation Malaysia's sixth-largest trading partner among South Asian countries.
Barnama
28-04-2025
- Business
- Barnama
Maldives Undertakes Reforms To Attract Investors
GENERAL KUALA LUMPUR, April 28 (Bernama) -- The Maldives is inviting Malaysian companies to explore new investment opportunities in strategic sectors, following significant legal reforms aimed at attracting foreign investors. Maldives President Dr Mohamed Muizzu said that among the key initiatives was the enactment of a new Foreign Investment Law in December 2024. 'The new legislation, aligned with international best practices, ensures robust investor protection, transparency, and predictability while giving legal force to both bilateral and multilateral investment treaties. "This is not merely a legislative reform. It is a clear signal that the Maldives is serious about welcoming the world's best partners on trusted, solid grounds," he said at the Maldives-Malaysia Business Forum 2025 here today. Highlighting Malaysia's global competitiveness and strong commitment to sustainable development, Muizzu said there was tremendous potential for Malaysian companies to contribute meaningfully to the Maldives' growth story while unlocking real value in return. 'Sectors that may attract investors include real estate, tourism, logistics, renewable energy, and Special Economic Zones (SEZs). "Our revitalised SEZs offer incentives designed to attract forward-looking investors, and our renewable energy initiatives align with the global shift towards sustainability," he said. Muizzu added that the Maldives' strategic location along key shipping routes and its thriving tourism sector present significant opportunities for Malaysian businesses seeking expansion into the maritime and logistics sectors. The Maldives president is on his first official visit to Malaysia lasting four days, since assuming the presidency in November 2023, at the invitation of the Malaysian Prime Minister Datuk Seri Anwar Ibrahim.
The Star
28-04-2025
- Business
- The Star
Malaysia seeks collaboration beyond Asean, eyes Maldives partnership
KUALA LUMPUR: Malaysia is intensifying efforts to strengthen collaboration within ASEAN and with neighbouring nations such as the Maldives, said Prime Minister Datuk Seri Anwar Ibrahim. He said that while Malaysia prioritises closer ties within ASEAN, it must also extend engagement beyond the region to friendly countries that share common aspirations for development and prosperity. "In this context, the Maldives represents an important partner. We value not only the longstanding people-to-people ties between Malaysia and Maldives but also see tremendous potential to expand our collaboration in trade, investment, digital innovation, and environmental sustainability," he said in his keynote address at the Maldives-Malaysia Business Forum 2025 here today. Also present was Maldives President Dr Mohamed Muizzu, who was on his first official visit to Malaysia, since becoming President in November 2023, at Anwar's invitation. Anwar said Malaysia and the Maldives have been longtime friends, sharing familiarity in policies, political systems and strong bilateral ties. "With the current government leadership in the Maldives, there is now a clear determination to move the country up the ladder with greater policy clarity,' he added. Earlier, Anwar and Muizzu witnessed the exchange of three memoranda of understanding and two exchange of notes covering various sectors to strengthen cooperation for mutual benefit. In 2024, Malaysia's total trade with the Maldives increased by 4.3 per cent to US$189 million (RM862.7 million) from US$180.9 million (RM827.3 million) in 2023, making the archipelagic nation Malaysia's sixth-largest trading partner among South Asian countries. - Bernama
The Sun
28-04-2025
- Business
- The Sun
Malaysia seeks collaboration beyond ASEAN, eyes Maldives partnership
KUALA LUMPUR: Malaysia is intensifying efforts to strengthen collaboration within ASEAN and with neighbouring nations such as the Maldives, said Prime Minister Datuk Seri Anwar Ibrahim. He said that while Malaysia prioritises closer ties within ASEAN, it must also extend engagement beyond the region to friendly countries that share common aspirations for development and prosperity. 'In this context, the Maldives represents an important partner. We value not only the longstanding people-to-people ties between Malaysia and Maldives but also see tremendous potential to expand our collaboration in trade, investment, digital innovation, and environmental sustainability,' he said in his keynote address at the Maldives-Malaysia Business Forum 2025 here today. Also present was Maldives President Dr Mohamed Muizzu, who was on his first official visit to Malaysia, since becoming President in November 2023, at Anwar's invitation. Anwar said Malaysia and the Maldives have been longtime friends, sharing familiarity in policies, political systems and strong bilateral ties. 'With the current government leadership in the Maldives, there is now a clear determination to move the country up the ladder with greater policy clarity,' he added. Earlier, Anwar and Muizzu witnessed the exchange of three memoranda of understanding and two exchange of notes covering various sectors to strengthen cooperation for mutual benefit. In 2024, Malaysia's total trade with the Maldives increased by 4.3 per cent to US$189 million (RM862.7 million) from US$180.9 million (RM827.3 million) in 2023, making the archipelagic nation Malaysia's sixth-largest trading partner among South Asian countries.
Barnama
28-04-2025
- Business
- Barnama
Malaysia Seeks Collaboration Beyond ASEAN, Eyes Maldives Partnership
KUALA LUMPUR, April 28 (Bernama) -- Malaysia is intensifying efforts to strengthen collaboration within ASEAN and with neighbouring nations such as the Maldives, said Prime Minister Datuk Seri Anwar Ibrahim. He said that while Malaysia prioritises closer ties within ASEAN, it must also extend engagement beyond the region to friendly countries that share common aspirations for development and prosperity. 'In this context, the Maldives represents an important partner. We value not only the longstanding people-to-people ties between Malaysia and Maldives but also see tremendous potential to expand our collaboration in trade, investment, digital innovation, and environmental sustainability," he said in his keynote address at the Maldives-Malaysia Business Forum 2025 here today.
