Kuala Lumpur (VNA) – Malaysia will expedite the approval of projects that comply with all stipulated rules and procedures to support national economic growth and strengthen investor confidence, said Prime Minister Datuk Seri Anwar Ibrahim at the launch of the Semenyih public infrastructure development on January 27.
As reported by the country’s national news agency Bernamas, the PM said unnecessary delays in the approval process must be avoided, as they could undermine Malaysia’s development momentum and economic growth.
Anwar, who is also the Finance Minister, said efficient governance and swift approvals are among the key factors in ensuring development projects are implemented on schedule, with direct benefits for public well-being.
He said that the approach would also allow Malaysians to enjoy the benefits of development and improved quality of life through the faster execution of projects.
On a separate note, Anwar said the country’s economic performance is currently at a healthy level, citing strong regional growth, a strengthening ringgit and the highest investment figures in the nation’s history./.
Malaysia launches National Defence Industry Policy
The NDIP is built on four main pillars: strengthening governance and institutional frameworks; developing technological capabilities; consolidating the domestic defence ecosystem and supply chain; and enhancing global competitiveness of Malaysia’s defence industry.
