Malaysia remains attractive investment destination

Malaysia remains attractive investment destination

KUALA LUMPUR: Malaysia remains an attractive investment destination among foreign investors, supported by the strong fundamentals that the government is creating today.

International Trade and Industry (MITI) Minister Datuk Darell Leiking said the country's economy is more stable now than other countries in the region.

He said in handling challenges in the country, the private sector and the government work hand-in-hand to ensure positive growth of the economy.

"For Malaysia, investors always want to see the fundamentals that we have to offer.

"I believe that the fundamentals that the government is creating today and continues to create, added with the ecosystem we have from the private and government sectors, will give confidence to new investments and also reinvestments by current investors," he told reporters after the launch of Oracle Malaysia cloud solution hub here today.

Leiking said the cloud solution hub will further boost Malaysia’s position as a premier digital hub in Southeast Asia.

"The heart of Industry 4.0 is a set of rapidly evolving and converging technologies that can help transform the way we live and ultimately how businesses work to improve their overall competitiveness.

"By welcoming establishments and investments by leading multinational technology giants like Oracle into the local market, MITI aims to create an innovation ecosystem to enable a seamless digital transformation journey for Malaysian businesses, especially the SMEs (small and medium enterprises),” he said.

Leiking said Oracle’s cloud solution hub will provide close to 150 new highly-specialised regional positions for Malaysia including highly trained cloud consultants.

InvestKL chief executive officer Datuk Zainal Amanshah said Oracle’s continuous investments demonstrates its confidence in Malaysia as a hub to move up the value chain in terms of cloud and data technology, and enabling it to ride on the region’s robust growth opportunities from Kuala Lumpur.

“We will continue our strong support and collaboration on their regional journey that will greatly benefit Malaysia’s digital economy in widening the high skilled talent pool, increasing employment opportunities, and strengthening economic growth,” he said.

Oracle Corporation Malaysia Sdn Bhd managing director Fitri Abdullah said the hub had enabled the company to work with local government agencies and enterprises to accelerate their digital transformation strategies through Oracle’s latest technologies.

“We look forward to deepening our collaboration with Malaysian government and businesses as we continue to support our customers across the region through this hub,” he said.

Source: New Straits Times