The country's economy performed well with the bond market showing high inflows, foreign investment remained positive and the Malaysian Ringgit emerged as one of the strongest currencies in Southeast Asia despite the country being hit by the Covid-19 pandemic.
According to the Prime Minister, Tan Sri Muhyiddin Yassin, the performance shows that foreign investors' confidence in the Malaysian market remains strong.
He said as quoted by Bernama, 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 recorded 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.
"Apart from that, efforts to attract additional and new investments are also constantly underway," he said in the Malaysia Prihatin One-Year Mandate which was broadcast live today.
