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Malaysia leverages New Industrial Master Plan, Brics membership to boost competitiveness and investment amid geopolitical risks, says minister

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Tengku Zafrul Abdul Aziz News

New Industrial Master Plan NIMP,Brics Membership,Malaysia Economy

KUALA LUMPUR, Oct 14 — Implementing initiatives under the New Industrial Master Plan 2030 (NIMP) and applying to join BRICS are among the government’s strategies to overcome...

Besut council president says stray dog culling that killed Kopi complied with Animal Welfare Act, SOP despite backlash from public

Minister of Investment, Trade and Industry Tengku Datuk Seri Zafrul Aziz said the government is also prioritising supply sources from the Asean region through the “nearshoring” approach to ensure the stability of the supply chain while reducing dependence on raw materials from abroad. “This is proven when the Pioneer Index of Economic Indicators released by the Department of Statistics Malaysia in July 2024 showed the country’s economic performance recorded 5.2 per cent, reaching 115.1 points compared to 109.4 points in the same month of 2023.

At the same time, MITI will also strengthen trade diplomacy with trading partners and explore new strategic economic opportunities to improve the country’s ability to face current geopolitical challenges.

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NIMP initiatives strengthen competitiveness, investment amid rising geopolitical risksKUALA LUMPUR: Implementing initiatives under the New Industrial Master Plan 2030 (NIMP) and applying to join BRICS are among the government’s strategi...
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