SAN FRANCISCO, Nov 18 (NNN-Bernama) — Malaysia has secured a total of\u00a0RM63.02 billion (US$13.5 billion) in proposed investments in the United States (US) mainly from technology giants, Prime Minister Anwar Ibrahim said Friday.<\/p>\n\n\n\n
Out of the total, RM8.33 billion (US$1.8 billion) investments were from the trade and investment mission to the US organised before the start of the Asia-Pacific Economic Cooperation (APEC), while the remaining investments were from the various one-on-one meetings held by Anwar here.<\/p>\n\n\n\n
The investments from the trade mission are from Abbott Laboratories, Mondelez International, Amsted Rail, Hematogenix, PerkinElmer, Ford Motor Company, Boeing, Amazon Web Services, Enovix, and Lam Research.<\/p>\n\n\n\n
\u201cThe remaining (investments) have been secured from one-on-one meetings with technology giants such as Google, Enovix Cooperation, Microsoft, TikTok as well as TPG,\u201d he told the Malaysian media at the end of his official visit to the US, here.<\/p>\n\n\n\n
TikTok\u2019s investment is quite big, he said, adding that it all boils down to how fast Malaysia approves these investments.<\/p>\n\n\n\n
\u201cAnd taking into consideration any necessary approval and incentives. I emphasise the issue of technology transfer, training so that our capabilities in the fields we explore are more advanced and challenging,\u201d he said.<\/p>\n\n\n\n
Malaysia is also actively courting electric vehicle players, including Tesla.<\/p>\n\n\n\n
\u201cWell, he seems to be positive about Tesla\u2019s presence in Malaysia,\u201d Anwar said when asked on his video call with Tesla\u2019s Chief Executive Officer Elon Musk.<\/p>\n\n\n\n
Anwar, who is also the Finance Minister, said Tesla\u2019s presence in Malaysia is a very good indicator for the country.<\/p>\n\n\n\n
\u201cThe Super Charging station will be further increased in Malaysia,\u201d he said.<\/p>\n\n\n\n
Malaysia\u2019s stance on the importance of efforts to attract investment was also voiced by the prime minister at the APEC 2023 Chief Executive Officer (CEO) Summit, particularly concerning the aspect of clear and consistent investment policies.<\/p>\n\n\n\n
\u201cThe implementation of these policies and strategies plays a role in attracting investment into the country.<\/p>\n\n\n\n
\u201cThe need to establish a one-stop centre for crucial investments is essential but this one-stop agency should also be more proactive in facilitating and expediting the implementation processes and procedures related to investments,\u201d he said.<\/p>\n\n\n\n
On the issue of the US-China tensions, Malaysia would always adhere to a neutral stance as both countries are important trading partners for Malaysia.<\/p>\n\n\n\n
\u201cI emphasise that Malaysia and ASEAN countries in general should not be dragged into or involved in the cold war between major world powers,\u201d he said.<\/p>\n\n\n\n
Accompanying him on the official visit were his wife Dr Wan Azizah Wan Ismail, Minister of Foreign Affairs Dr Zambry Abd Kadir, Minister of Communications and Digital Fahmi Fadzil and other members of the delegation that were received by Minister of Investment, Trade and Industry Tengku Zafrul Abdul Aziz, Malaysia\u2019s Ambassador to the United States Mohamed Nazri Abdul Aziz and Consul General of Malaysia in Los Angeles Anil Fahriza.<\/p>\n\n\n\n
\u201cI am happy we had the opportunity to express. Able to articulate our position, engage privately and discuss intimately and not in the combative mode but at least to secure understanding and collaboration,\u201d he said.<\/p>\n\n\n\n
The prime minister also participated in the Indo-Pacific Economic Framework for Prosperity (IPEF) Leaders\u2019 meeting hosted by United States President Joe Biden on Nov 16, 2023.<\/p>\n\n\n\n
The meeting was held to recognise the success of IPEF ministers in signing the Pillar 2 Agreement (Supply Chain) on Nov 14, 2023.<\/p>\n\n\n\n
\u201cAdditionally, the leaders of IPEF member countries were also informed that substantive conclusions have been reached for Pillar 3 (Sustainable Economy) and Core 4 (Fair Economy) negotiations while Core 1 (Trade) negotiations have made good progress.<\/p>\n\n\n\n
\u201cOverall, Malaysia welcomes these developments and will continue to collaborate with all IPEF countries to conclude Pillar 1 negotiations for the collective benefit of the IPEF region,\u201d he added.<\/p>\n\n\n\n
—\u00a0NNN-BERNAMA<\/p>\n","protected":false},"excerpt":{"rendered":"
SAN FRANCISCO, Nov 18 (NNN-Bernama) — Malaysia has secured a total of\u00a0RM63.02 billion (US$13.5 billion) in proposed investments in the United States (US) mainly from technology giants, Prime Minister Anwar Ibrahim said Friday. Out of the total, RM8.33 billion (US$1.8 billion) investments were from the trade and investment mission to the US organised before the start […]<\/p>\n","protected":false},"author":30,"featured_media":216798,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[215,288,300,318],"tags":[],"_links":{"self":[{"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=\/wp\/v2\/posts\/245201"}],"collection":[{"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=\/wp\/v2\/users\/30"}],"replies":[{"embeddable":true,"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=245201"}],"version-history":[{"count":1,"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=\/wp\/v2\/posts\/245201\/revisions"}],"predecessor-version":[{"id":245202,"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=\/wp\/v2\/posts\/245201\/revisions\/245202"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=\/wp\/v2\/media\/216798"}],"wp:attachment":[{"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=245201"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=245201"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=245201"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}