Selangor Journal
(from left to right) Prime Minister Datuk Seri Anwar Ibrahim shakes hands with Japanese Prime Minister Fumio Kishida at the start of their bilateral meeting at the prime minister’s official residence in Tokyo, Japan, on December 16, 2023. — Picture by REUTERS

Potential Japanese investments a strong vote of confidence in Malaysia’s future — PM

KUALA LUMPUR, Dec 22 — The RM6.56 billion in potential investments from Japanese firms secured during Prime Minister Datuk Seri Anwar Ibrahim’s recent working visit to Japan in conjunction with the Asean-Japan Commemorative Summit reflect a strong vote of confidence in Malaysia’s future.

Anwar, who just concluded a successful five-day working visit to Tokyo from December 16 to December 21, said it is expected to increase Japanese investment in Malaysia to at least RM30 billion this year.

“This is a solid vote of confidence in Malaysia’s future. These high-value investments will create equally high-quality jobs for more Malaysians, aligning with the government’s priorities under the Madani Economy framework and the New Industrial Master Plan 2030.

“Our heartfelt gratitude goes to Japan’s willingness to participate in rebuilding Malaysia,” he said in a statement released by the Prime Minister’s Office (PMO) today.

Anwar is also confident about Malaysia’s shared future in 2024, where Madani Economy envisages a shared prosperity for all who commit to the Madani government’s reform agenda.

“I am optimistic that if all Malaysians work together as one in realising this vision, there is no challenge we cannot overcome,” he said.

According to the PMO, Anwar’s packed schedule is a testament to Japan’s long-time friendship with, and excitement for, Malaysia’s renewed political stability and bright prospects for its economic growth and transformation.

During the trip, it was also announced the official Japan–Malaysia relationship will be elevated to Comprehensive Strategic Partnership status. This important distinction is reserved for Japan’s most important strategic relationships.

Prime Minister Datuk Seri Anwar Ibrahim (left) attending the Asia Zero Emission Community (AZEC) Leaders’ Meeting as part of the Asean-Japan Commemorative Summit in Tokyo, Japan, on December 18, 2023. — Picture by SADIQ ASYRAF/PEJABAT PERDANA MENTERI

Under this strengthened new partnership, cooperation between Japan and Malaysia is anticipated to expand across a broad swath of economic, defence, science, technology, innovation, environmental, and cultural spheres.

“The first tangible product of the new Comprehensive Strategic Partnership is a 400 million yen (RM13 million) Official Security Assistance Grant Aid from Japan to enhance Malaysia’s maritime security.

“This is in addition to a collaboration pact signed between the Malaysian Space Agency (Mysa) and the Japan Aerospace Exploration Agency (Jaxa),” the PMO said.

During the working visit, the Prime Minister held one-on-one meetings with Japanese corporations RoHM Wako, NEC Co Ltd (Toshiba), and Mitsui and Co Ltd, and participated in a roundtable with 25 Japanese companies, which expressed further interest in increasing their investments in Malaysia.

Anwar also participated in the Asean-Japan Commemorative Summit and met the Japanese Emperor Naruhito and Empress Masako, Japan’s Prime Minister Fumio Kishida, as well as the Malaysian diaspora in Japan.

He also spoke at the Asia Zero Emission Community Summit.

This was Anwar’s first visit to Japan since becoming Prime Minister on November 24 last year.

He was supported during this trip by a high-level Malaysian delegation, including Foreign Affairs Minister Datuk Seri Mohamad Hasan; Investment, Trade, and Industry Minister Tengku Datuk Seri Zafrul Abdul Aziz, and senior government officials.

— Bernama

Prime Minister Datuk Seri Anwar Ibrahim (centre left) attending the Malaysian diaspora high-tea event the Imperial Hotel in Tokyo, Japan, on December 18, 2023. — Picture by BERNAMA

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Editor Selangor Journal