Tengku Zafrul: MITI aims to attract high-quality investments to strengthen Malaysia's E&E sector.

KUALA LUMPUR, May 21 — The Ministry of Investment, Trade and Industry (MITI) is actively working to attract more high-quality investments, particularly in key sectors like electrical and electronics (E&E), according to its Minister, Tengku Datuk Seri Zafrul Abdul Aziz.

He noted that Malaysia’s E&E exports remain resilient and continue to be a major driver of economic growth, with the country recording a 4.4 per cent growth rate in the first quarter of 2025. He also highlighted growing investor confidence—both domestic and international—in Malaysia’s potential, with many continuing their operations and projects in the country.

“With increased investment, more factories open and exports rise, creating more job opportunities for Malaysians and business prospects for local enterprises, especially small and medium enterprises (SMEs),” he said in a video shared on his Instagram page last night.

Tengku Zafrul acknowledged ongoing global challenges, such as the US reciprocal tariffs issue, but assured that MITI closely monitors developments and takes proactive measures to keep Malaysian businesses competitive globally.

He added that beyond ongoing negotiations with the US, MITI’s broader strategy includes tapping into new markets for Malaysian-made products and strengthening the domestic economy.

“This is what the MADANI Economy reform is about — ensuring economic stability, creating quality jobs and business opportunities, and helping Malaysians manage the cost of living.

“The government remains committed to driving growth, maintaining economic stability, and ensuring that the benefits are shared by all citizens,” he said. — Bernama