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Bernama
The announcement that International Trade and Industry Minister Datuk Seri Mohamed Azmin Ali will table a Cabinet paper on Malaysia’s new investment policy this week is welcome news.
Less welcome are the reports that it focuses on innovation, technology and digital investments, which raises concerns that it might miss the target in creating wider value in the economy.
The announcement comes hard on the heels of Microsoft’s US$1 billion (RM4.1 billion) five-year investment in Malaysia which is expected to generate US$4.6 billion (RM19 billion) in revenue and create around 19,000 jobs for Malaysians, including 4,000 related to information technology.
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