Govt going liberal over investment strategies and policies

KUALA LUMPUR: Malaysia is adopting a more liberal approach towards investment strategies, as long as it benefits the economy and the people, investment, trade and industry minister Tengku Zafrul Aziz said.

“As per what we said in the New Industrial Master Plan 2030, we hope we can elevate the status of our SMEs so they can be part of the global supply chain,” he told a press conference after the launching of the NIMP by Prime Minister Anwar Ibrahim today. Tengku Zafrul was asked whether the government was considering a liberalised approach in doing business, seeing that the entry of Elon Musk’s Tesla was achieved without establishing a local partner first in the country.Subsequently, he announced that the government will buy 40 units of Starlink internet devices for use in universities, colleges and schools across the country.

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