17 hours ago
- Business
- Free Malaysia Today
Clear, consistent policies key to attracting FDI, says Fahmi
Communications minister Fahmi Fadzil and Malaysia's permanent representative to the UN in Geneva, Nadzirah Osman, attended a gathering at Rumah Malaysia in Geneva to meet and engage with the Malaysian diaspora community there yesterday. (Bernama pic)
GENEVA : Clear and consistent government policies, backed by political stability, are key factors in attracting foreign investors to Malaysia, said communications minister Fahmi Fadzil.
Speaking at a gathering with the Malaysian diaspora here yesterday, Fahmi cited the Madani Economy framework, the 12th Malaysia Plan, the New Industrial Master Plan 2030, and the National Energy Transition Roadmap as examples of coherent and investor-friendly policies.
'These policies provide clarity and assurance to investors. They trust that such policies won't be changed arbitrarily,' he said.
Fahmi also pointed to recent data from the statistics department and the investment, trade and industry ministry as evidence that Malaysia remains a top destination for foreign direct investment.
According to the Malaysian Investment Development Authority, approved investments for the first quarter of the year totalled RM89.8 billion — a 3.7% year-on-year increase — despite ongoing global economic challenges.
The gathering, held at Rumah Malaysia in Geneva, was attended by around 50 Malaysians, including students, professionals, and staff from the permanent mission of Malaysia to the United Nations.
Also present was Malaysia's permanent representative to the UN in Geneva, Nadzirah Osman.
During the event, Fahmi also highlighted Malaysia's achievements in the communications sector.
'Malaysia ranks among the top 10 countries globally for the most affordable internet, and we have the second fastest internet speed in the Asia-Pacific region after South Korea,' he said.
Nadzirah welcomed the session, saying it allowed Malaysians in Geneva to share their views with Fahmi and gain first-hand insights on current developments in Malaysia.
Fahmi is currently leading the Malaysian delegation to the World Summit on the Information Society+20 High-Level Event, which runs from July 7 to July 11.
