KUALA LUMPUR, Jan 10 (Reuters): Malaysia wants to leverage its location to become an energy and chip manufacturing hub this year, riding a recent jump in investments and a favourable outlook for the domestic economy, its premier and economic minister said on Thursday.
Malaysia is fast becoming a haven in Southeast Asia, with foreign investors returning as improving growth and a stable currency set it apart from peers grappling with political flux and economic uncertainty.
Prime Minister Anwar Ibrahim said Malaysia's economy rebounded dramatically last year, spurred by an influx of strategic investments, most substantially in renewable energy and artificial intelligence infrastructure. He added inflation and the ringgit were stable and the stock market was the region's top performer.
Malaysia aiming to become energy, chip making hub, PM says
FE Team | Published: January 10, 2025 21:43:14
Malaysia aiming to become energy, chip making hub, PM says
Share if you like