KUALA LUMPUR: A paper on the new investment policy will be tabled to the Cabinet tomorrow, senior minister for economy Azmin Ali said.
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Azmin, who is also the international trade and industry minister, said the new policy is to attract more high-quality investors to make Malaysia a high-income nation.
He said it is expected to be implemented immediately.
“The policy focuses on innovation, technology and digital,” he told reporters after attending tarawih prayers with Prime Minister Muhyiddin Yassin at the Jamek Al-Amaniah Mosque at Batu Caves here yesterday.
It is also in line with environmental, social and governance (ESG) requirements.
He said South Korea and Japan, where he went on a recent working visit, welcomed the implementation of the new investment policy.
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On the latest investment by Microsoft, Azmin said this was proof that foreign investors still had confidence in Malaysia.
Yesterday, Muhyiddin announced that Microsoft had agreed to invest US$1 billion over the next five years as part of a new partnership programme with government agencies and local companies to operate Malaysia’s first regional data centre.
Asked about the expected move by opposition MPs to send a second letter to the Yang di-Pertuan Agong, Sultan Abdullah Sultan Ahmad Shah, seeking his consent to accept the petition of appeal to end the emergency, Azmin said the opposition should use the Independent Special Committee on Emergency 2021 for the purpose.
He said the committee, which also included opposition MPs, was the right channel to submit any emergency-related proposals to the King.-BERNAMA