Deputy Minister Liew Chin Tong highlights Malaysia’s potential for economic growth, citing political stability and favorable economic policies.

“Competition between China and the United States is driving investment into Southeast Asia. This is an opportunity for Malaysia to make a second leap.

Economic boom coming

“The first jump was successfully made in the early 1990s when economic growth, job opportunities, wages paid, and the improvement of people’s living standards were in a positive mood.

“Now, with political stability, far-sighted economic policies, and green transition, we have a golden opportunity to boost the national economy for the second time,” he wrote in a Facebook post.

With increasing investment from the US and China, Malaysia aims for a second economic leap akin to the 1990s. He emphasizes Malaysia’s logistical advantages, legal framework, and skilled workforce as key factors attracting investors.

Despite competition from Vietnam and Indonesia, Malaysia’s technological advancements and service sector place it ahead in the ASEAN region.

This optimism sets the stage for Malaysia to target higher economic growth and opportunities.