Anwar meets Fortune 500 giants, shares Madani Economy framework

PM engages with 15 companies, including Airbnb, Amazon, Boeing, ConocoPhillips, to attract foreign direct investments to Malaysia

8:36 AM MYT

 

KUALA LUMPUR – Prime Minister Datuk Seri Anwar Ibrahim has engaged with 15 United States Fortune 500 companies, including Airbnb, Amazon, Amazon Web Services, Boeing, ConocoPhillips and Kimberly-Clark in his mission to attract foreign direct investments (FDI) to Malaysia.

During the meeting, Anwar took the opportunity to share the Madani Economy framework, supported by the New Industrial Masterplan 2030, the National Energy Transition Roadmap, and the 12th Malaysia Plan Mid-Term Review, which outlines the direction towards achieving the national development goals.

“I also appreciate the positive feedback and constructive input shared by these companies,” he said in a post on Facebook.

The prime minister, currently in New York to attend the 78th United Nations General Assembly (UNGA), said the US has been Malaysia’s third-largest trading partner since 2015.

In terms of investments, Malaysia’s manufacturing sector received FDI totalling RM1.84 billion (US$395 million) from the US in the first six months of 2023, resulting in the creation of 1,558 jobs.

“I hope Malaysia will attract more new investments from US corporate giants,” he said.

Anwar, who is also finance minister, noted that the role played by councils and chambers of commerce such as the US-Asean Business Council and the United States Chamber of Commerce as a medium between the government and the business community would drive the successful implementation of government initiatives that would ultimately benefit the people. – September 22, 2023

Topics

 

Popular

Petronas staff to be shown the door to make up losses from Petros deal?

Source claims national O&G firm is expected to see 30% revenue loss once agreed formula for natural gas distribution in Sarawak is implemented

FashionValet a loss-making entity before and after Khazanah, PNB’s RM47 mil investment

GLICs bought stakes in 2018, company records show total RM103.3 million losses after tax from 2017 to 2022

[UPDATED] Petronas confirms ongoing productivity reviews to ‘eliminate inefficiencies’

Responding to Scoop, industry giant said it aims to become ‘operationally focused, commercially agile and cost-efficient’, but did not clarify if it is linked to Petros deal

Related