COMMENTARY, March 18 — The return of political stability with the formation of the unity government a little over 100 days ago, and the bleak prospects in many markets have placed Malaysia back on the radar of the foreign business and investment community.
Whilst some of the international businesses do reminisce the good old days of the low-cost manufacturing ecosystem, they do understand that this is not sustainable in the long run. Further, given the global inflation and disrupted supply chains that have increased costs, we must work hard to enhance the positive considerations of operating in Malaysia. This is where Miti, together with our agencies, have our reform priorities cut out for us.
a. Firstly, to increase trade growth and ensure an inclusive and sustainable global trade environment. Since December 2022, my team and I have been busy positioning Malaysia as stable, pro-business, pro-investments, and pro-trade. But we know these promises must be substantiated by real policy reforms, and the ease of doing business.