Malaysia is the best destination for investors – PM Najib

Prime Minister Najib Razak  met with New Zealand’s newly-elected Prime Minister Jacinda Ardern at the 25th APEC Economic Leaders Meeting (AELM. — fotoBERNAMA

DANANG, VIETNAM – Prime Minister of Malaysia, Datuk Seri Najib Tun Razak stressed that Malaysia is the best destination for investors and remains open for trade.

He said that when he began his day in Danang by meeting and discussing   with members of United States of America (US)- Asia Pacific Economic Cooperation (APEC) Business Coalition.

Among the globally established companies present with high calibred leaderships include; AirBNB, FedEx, UPS, Johnson & Johnson, J.P Morgan, Mastercard, Visa, Nike Inc., Walmart Time Warner and others.The rating agency Moody’s was also present.

In his blog, the Prime Minister also emphasized that the economy of Malaysia is consistently stable and positive with the deficit from 6.7 percent when he first took over the leadership and now is 3 percent while the projection for next year is 2.8 percent.

He added, the Malaysian economy is continuously growing from 5.7 percent in the first half of 2017 with foreign direct investments totaling RM25.2 billion in the same period.

“Various infrastructure and multi connectivity projects are in operations such as MRT, ECRL , HSR and now with the addition of DFTZ. These are the results of the openness of the government towards innovation.

“The report of Ease of Doing Business by the World Bank has put Malaysia on the 24th place in the world.

All these he said, is a prove that Malaysia is a very attractive and friendly investor destination and as such we will continue to be better in future.

Meanwhile, Najib also had a meeting with the new Prime Minister of New Zealand, Jacinda Ardern, outside the APEC Summit 2017.

In the bilateral meeting with Jacinda Ardern, among issues discussed were on digital economy and the regional safety.

Malaysia and New Zealand will celebrate its 60th diplomatic relationship anniversary this year.

The main exports of Malaysia to New Zealand include crude oil, electrical products and electronics.

In 2016 the total trade with New Zealand shrunk by 16.1 percent to RM5.90 billion (AS$1.42 billion) from RM7.03 billion (AS$1.8 billion) in 2015

Nevertheless, the trade between both countries from January until August this year increased by 49.3 percent to RM5.25 billion (AS$1.204 billion) from RM3.518 billion (AS$860.6 million).

–Malaysia World News 



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