Minister of Investment, Trade and Industry Datuk Seri Tengku Zafrul Abdul Aziz said Malaysia’s economy is open and has established cooperative relations with all countries. — Picture By Firdaus LatifKUALA LUMPUR, Aug 14 — Malaysia needs to continue playing its role as a ‘neutral’ country with a strong ecosystem in the technology sector to ensure the country remains an investment destination.
“So, that’s one of the reasons we see investment also increasing in this sector,” he said on the Agenda Awani programme titled ‘Tech War’, Tesla and Investment Magnet broadcast by Astro Awani on Tuesday. “We expect the Gross Domestic Product to grow 5.8 per cent in the second quarter of 2024 with the manufacturing sector growing by 4.7 per cent, boosted by the electrical and electronics sector, especially semiconductors,” he said.
“We have various FTAs with all groups, for example the BRICS is not an economic block but a grouping that discusses global south issues.