KUALA LUMPUR, Aug 31 – Malaysia is expected to remain a top choice for international investors in Southeast Asia, driven by its political stability and inclusive economic policies.
One Belt One Road Chamber of Commerce (OBORCC) president Datuk Seri Tan Thian Lai said several large companies in China and Hong Kong, particularly those in the electric vehicle (EV) industry and artificial intelligence (AI) technology have expressed their interest in making Malaysia their hub outside of China.
“Malaysia is seen as strategically important due to its geopolitical significance, skilled labour force and attractive tax incentives. Investors see these factors as opportunities not to be missed. Additionally, the strengthening of the ringgit is also fuelling this interest,” he told Bernama news agency.
According to Bank Negara Malaysia, the ringgit has appreciated by 3.1 per cent against the US dollar year-to-date, making it one of the regional currencies to have gained against the greenback.
As of Friday, the exchange rate stood at RM4.31 against the US dollar.
Tan also shared that the proposed investments include increasing the number of EV charging stations in Malaysia and establishing a major AI hub in Southeast Asia.
