KUALA LUMPUR: The rise in domestic investors indicates growing investor confidence, says investment, trade and industry minister Tengku Zafrul Aziz.
He said this was proven by the fact that as much as 45% of the RM225 billion in total approved investments from January to September were from domestic investors.
“The level of confidence was not as high as it is now. This is due to positive economic overflow resulting from investments made by local companies,” he said after a programme held in conjunction with the unity government’s first anniversary celebration here today.
Tengku Zafrul also said the investment, trade and industry ministry (Miti) will continue to focus on increasing the confidence of domestic investors to invest in Malaysia through the New Industrial Master Plan 2030 (NIMP 2030).
For foreign direct investment (FDI) and domestic direct investment (DDI), he said, Miti will ensure that many other aspects are improved and that the approved investments can be realised as soon as possible.
Malaysia has attracted RM225 billion worth of approved investments in the services, manufacturing and primary sectors over the first three quarters of this year, up 6.6% from the RM211 billion investments approved in the same period last year.
Tengku Zafrul added that the government will continue to focus on investments based on vision rather than sectors in driving the national economy.