Through this facilitation, he said, strategic investors identified by the Malaysian Investment Development Authority will be able to stay in the country for a minimum of five years with a view to being extended for another five years.
"Previously, after getting Bank Negara’s approval, they needed to go to the Home Affairs Ministry, causing further delay. "At the same time, strengthen the focus on handholding both the domestic and foreign investors, with a focus on translating approved investments into realised domestic direct investments and foreign direct investments,” he said.
On Tesla and SpaceX chief executive officer Elon Musk’s planned investments in Malaysia, Anwar said he has instructed Communications and Digital Minister Fahmi Fadzil and Miti Minister Tengku Datuk Seri Zafrul Abdul Aziz to ensure that the three Malaysian companies involved with SpaceX be given the appropriate space and attention to meet Musk’s requirements.
Anwar said Musk’s decision to work with the government reflects foreign investors’ confidence and that Malaysia has advantages that should be harnessed.