The government will introduce a new national investment policy to attract more high -quality investors as the country moves towards a high -income nation.
According to Senior Minister and Minister of International Trade and Industry, Datuk Seri Mohamed Azmin Ali, the working paper on the policy proposal has been approved and supported by the Economic Action Council (EAC) and will be presented to the Cabinet this month.
After lengthy discussions and engagements with Bank Negara Malaysia (BNM), the Ministry of Finance and the Malaysian Investment Development Authority (MIDA), we think this is the right time for us to introduce this new investment policy.
"The purpose of the country's investment aspirations is to attract quality and technological investments so that we can be prepared with a workforce that meets the demands of the industry," he explained as reported by Bernama.
Mohamed Azmin added that the proposal to introduce new incentives to attract foreign investors to the country has been decided to be discussed further with the Ministry of Finance.
In a different development, Mohamed Azmin informed that the National Security Council (MKN) has approved the implementation of the [email protected] initiative which will be officially launched by the Prime Minister, Tan Sri Muhyiddin Yassin in the next few weeks.
He said the initiative would create an ‘industry bubble’ among workers who had been identified as in close contact with Covid-19 positive cases and their workplaces to enable the industry to remain operational and productive.
"We will segregate the workers who have this close contact and create a 'bubble' between the hostel and the factory so that the workers will be handled in an agreed 'bubble'.
"This industry will continue to operate and not be disrupted other than they can increase production and productivity. I am also happy that this initiative has the support of the industry, "said Mohamed Azmin.
