Malaysia set to continue pro-investment approaches
Malaysia plans to continue with its pro-investment approaches to attract more foreign direct investment (FDI) into the country amid the stronger US economy.
Minister in the Prime Minister's Department Datuk Seri Abdul Wahid Omar said there would be a reversal of funds away from emerging markets, including Malaysia, back into the United States when the Federal Reserve raises interest rates.
"However, this is more in the spectrum of portfolio investment and beyond this what we are more keen on would be to attract FDI.
"If we continue with our pro-investment policies, and as Malaysia becomes part of the larger Asean community, if we become part of the Trans-Pacific Partnership Agreement, this will bring great opportunities for us," he told reporters after opening the Malaysia Statistics Conference 2015.
Wahid said with all these measures in place. Malaysia could be used as the single production base for Asean and be the regional operations hub for multinational companies.
In his opening speech, he said the statistical community should harness the digital potential and identify opportunities to further strengthen the national statistical system.
