PM REASSURES U.S. BUSINESS COMMUNITY OF STABILITY & SECURITY
To attract new foreign direct investment from the American business community, Prime Minister Datuk Seri Najib Razak reassures the former that Malaysia’s economic stability and political security are his utmost priority.
Speaking to captains of industry at a luncheon, on the sideline of the USASEAN Summit in San Francisco in mid-February, Datuk Seri Najib reiterated that Malaysian Government was projecting an economic growth of
between 5 and 6 per cent annually and working towards achieving a balanced budget as well as prudent financial
“The government achieved a deficit budget of 3.2 per cent last year compared to 6.9 per cent in 2009. The trajectory
is very good although the country is experiencing a very strong (global) economic headwind,” he said.
He promised stability and certainty for those investing in Malaysia. “Malaysia is ready to welcome you and you will have a good future in Malaysia.
“We believe in open economy, open trade and free trade. The more we can liberalise trade, the better prospects for the country’s economy.”
Datuk Seri Najib said Malaysia needs to engage with Silicon Valley businessmen, the centre of technological development.
“We attend to your needs and we are a responsive government.”
During a separate meeting with American fund managers, Datuk Seri Najib said Malaysia has strong economic fundamentals and a diverse economy that is more resilient than other emerging economies.
He said Malaysia would continue achieving a current account surplus as well as managing a prudent national debt.
“Malaysia wants to be part of the global trade architecture by joining, among others, the ASEAN Economic Community and the Trans-Pacific Partnership (TPP).”
Datuk Seri Najib also visited Apple’s headquarters in Cupertino, where he held discussions with the tech giant’s Chief Operating Officer Jeff Williams.
He proposed the setting up of an Asia-Pacific regional research and development centre in Malaysia to look into innovative ways to leverage on mobile technology and enhance learning among children in the country.
He also visited Tesla, the electric car manufacturer in Palo Alto, and toured its plant after being briefed by Vice-President Diarmuid O’ Connell.
Datuk Seri Najib reiterated Malaysian Government’s commitment to promote electric cars as they produce zero emissions, and to commence such effort, 100 electric cars would be imported into Malaysia soon.