KUALA LUMPUR, Feb 29 (Bernama) — Amidst a backdrop of anticipated global economic challenges in 2023, including persistently high core inflation²,Malaysia’s economy defied expectations with a significant surge. Achieving RM329.5 billion in approved investments across the manufacturing, services, and primary sectors, the nation’s economy not only thrived but showcased the effectiveness of its pro-business and growth-oriented policies. This remarkable performance, marked by a 23.0% increase over last year’s approved investments, reaffirms Malaysia’s position as a globally attractive investment destination.
The synergy of Foreign Investment (FI) and Domestic Investment (DI) reaching new heights exemplifies investor confidence and Malaysia’s resilience amidst a global economic landscape that, against the odds, presented pleasantly surprising outcomes. This achievement is indeed a testament to Malaysia’s strategic maneuvering through potential economic hiccups, marking a year that, despite its challenges, started on a noteworthy of celebration.
