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Defense Minister to Investigate LTAT Resignations, Prepares to Brief Cabinet, Reveals PM

In response to the recent resignations within the Armed Forces Fund Board (LTAT Resignations), Prime Minister Datuk Seri Anwar Ibrahim disclosed that Defense Minister...
HomeMalaysia NewsPM Anwar: Malaysia’s Gaza War Stance Won’t Impact Investor Ties

PM Anwar: Malaysia’s Gaza War Stance Won’t Impact Investor Ties

In response to concerns about the potential repercussions of Malaysia’s strong criticism of the Israeli government on economic relations, Prime Minister Anwar Ibrahim has affirmed that the country’s stance on the Gaza war will not adversely affect its connections with US and European investors. Speaking during the Prime Minister’s Question Time in the Dewan Rakyat, Anwar reassured that key investors from the US have emphasized the importance of Malaysia’s political stability, transparent economic policies, and the expeditious approval processes overseen by the Malaysian Investment Development Authority (Mida).

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“While it is our responsibility to continuously monitor the situation, their priority seems to be focused on political stability, clear economic policies, and the expediting of approval processes,” Anwar stated. Responding to Aminolhuda Hassan’s inquiry about the outcomes of the Organisation of Islamic Cooperation (OIC) summit and Asia-Pacific Economic Cooperation (APEC) Economic Leaders’ Week 2023 in the US, Anwar highlighted that Malaysia secured proposed investments amounting to RM63 billion from the US.

Anwar previously disclosed that RM8.33 billion of the proposed investments originated from a trade and investment mission to the US before the APEC summit, with the remaining funds secured through various one-on-one meetings facilitated by him. The Prime Minister’s assurance underscores the priority placed by investors on Malaysia’s economic fundamentals over its geopolitical stance.