Prime Minister Datuk Seri Anwar Ibrahim has reaffirmed that Malaysia’s economic fundamentals remain stable despite a slight 0.2 percent decline in foreign shareholding within the country’s RM2 trillion stock market. He emphasized that this minor dip does not reflect a lack of investor confidence, pointing out that similar declines were recorded in Thailand and Indonesia following the inauguration of US President Donald Trump last month.
Speaking in Parliament , Anwar responded to a supplementary question from Wan Ahmad Fayhsal Wan Ahmad Kamal (PN-Machang), assuring lawmakers that key economic indicators continue to show positive growth.
The prime minister highlighted Malaysia’s robust investment performance, revealing that foreign investments in the first nine months of 2024 surged by 10.7 percent compared to the same period in 2023. He also cited the presence of major international corporations such as Infineon, Geely, Amazon, and Microsoft as a testament to sustained foreign confidence in the country’s economic outlook.
“If we look at global equity trends, research firms like Nomura Global Market Research, JP Morgan, and HSBC have increased their recommendations for publicly listed Malaysian shares.
“Additionally, the bond market reflects a positive net flow, with foreign investors injecting RM1.55 billion into the Malaysian economy this year alone. If they lacked confidence, they wouldn’t be investing such a significant sum,” Anwar asserted.
He further underscored the importance of Malaysia’s overall growth trajectory, rising investments, and the strengthening of the ringgit as key indicators of economic stability.
Meanwhile, Anwar also addressed concerns regarding the economy being affected by the controversy surrounding an alleged royal addendum allowing former Prime Minister Datuk Seri Najib Razak to serve his sentence under house arrest instead of in prison. Opposition leader Datuk Seri Hamzah Zainudin raised the issue in Parliament, but Anwar dismissed claims that it had any impact on investor sentiment.
“The economy is not being shaken by this issue,” he stated firmly. However, he reiterated that he would only provide further clarification on the matter once the ongoing legal proceedings had concluded.
In a rare moment of agreement, the prime minister also backed Hamzah’s call for reforms in Bursa Malaysia, acknowledging that the nation’s capital market has remained stagnant for years. He expressed openness to working on measures that could enhance market efficiency and attract greater investment.
Despite political debates, Anwar remains confident that Malaysia’s economy is on a solid path, driven by sustained foreign investment, strong market fundamentals, and positive investor sentiment.
Information/ Facts and Figures Sourced From: Malay Mail
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