Gov't to introduce new national investment policy, says Azmin
KUALA LUMPUR (March 10): The government will introduce a new national investment policy to attract more high-quality investors as the country moves towards a high-income nation, Senior Minister cum International Trade and Industry Minister Datuk Seri Mohamed Azmin Ali said.
He said a working paper on the proposed policy had been approved and endorsed by the Economic Action Council (EAC), and will be presented to the Cabinet within this month.
“After long deliberations and engagement with Bank Negara Malaysia (BNM), the Ministry of Finance (MoF) and the Malaysian Investment Development Authority (MIDA), we thought it is timely for us to introduce this new investment policy.
“The purpose of this national investment aspiration is to attract quality and technological investment, so that we can prepare our workforce to meet the industry’s demand,” he told the media after attending a special assembly at the Ministry of International Trade and Industry (MITI) here today.
Following deliberations among MITI, the EAC and MIDA, Mohamed Azmin said it was decided that a proposal to introduce new incentives to attract foreign investors into Malaysia will be further discussed with the MoF.
In another development, Mohamed Azmin said the National Security Council had approved the implementation of the Safe@Work initiative, which will be officially launched by Prime Minister Tan Sri Muhyiddin Yassin in the coming weeks.
He said the initiative will create an “industry bubble” between workers — those identified as close contacts of Covid-19 positive cases — and their workplace, so that the industry will remain operational and productive.
“We will segregate the workers, who are close contacts, and create a ‘bubble’ between the hostel and the factory, so that the workers will be transported within the agreed ‘bubble’.
“The industry will continue to operate and not disturbed, so that they can increase production and productivity. I am happy that this initiative has the support of the industry,” he added. – Source: The Edge