KUALA LUMPUR, March 1 — Malaysia’s economy is doing well and foreign investments remain positive toward the country, the Malaysian Prime Minister Muhyiddin Yassin said today (1 March).
Muhyiddin added that the bond market is showing high inflows, while the ringgit is emerging as one of the strongest currencies in South-East Asia, despite the country being hit by the COVID-19 pandemic.
He said that foreign investor confidence in the Malaysian market remains strong.
According to the Prime Minister, the bond market recorded an inflow of RM23.1 billion until August 2020 and net foreign investment increased to RM6.1 billion in the fourth quarter of 2020, compared to RM2.2 billion in the second quarter of 2020.
“Among the factors that support the confidence of foreign investors is the government’s efforts to engage with existing investors to understand the needs of the industry during the implementation of movement control.
“Besides that, efforts to attract additional and new investments are also constantly underway,” Muhyiddin said in his One-year Malaysia Prihatin Keynote Address which was broadcast live on Monday (1 March).
Source: Bernama/Agencies
