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Malaysia, China to announce major deals as investor confidence rises under PM Anwar Ibrahim: trade minister
- The minister said recent parliamentary votes in favour of the government showed clearly that it had staying power to last the full five-year electoral cycle
- Tengku Zafrul meanwhile said the RCEP multilateral trade deal was helping China and Asean to take the lead in the region
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The return of political stability in Malaysia under Prime Minister Anwar Ibrahim has been noticed by international investors who are showcasing their confidence in the administration through a pipeline of new deals, the country’s trade minister has said.
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Speaking at the Post’s China Conference: Southeast Asia in Singapore, Tengku Zafrul Aziz said recent parliamentary votes in favour of the government showed clearly that it had staying power to last the full five-year electoral cycle.
Malaysia has endured a period of relentless political turmoil since 2018. Following a deadlocked election last November, Anwar was appointed prime minister after the king said he was most likely to command the support of the legislature.
“It is not just me in government saying this [about investor confidence] but also through my interactions, especially in my capacity as minister with the business sector, both domestically and internationally,” Zafrul said.
Asked about Malaysia’s position on the ongoing US-China trade conflict, the minister said his country had benefited from growing interest from among American investors – particularly in the semiconductor sector where US firms were now required by law to look beyond China when expanding their facilities overseas.
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