A plan called National Investment Aspirations will be drawn up to ensure that Malaysia remains a major investment destination with high regional and global economic impact.
Prime Minister Datuk Seri Ismail Sabri Yaakob, when he officiated the MITI’s Industry Excellence Awards (AKI 2020) last night, said, “The plan will be drawn up under the MITI to formulate a strategy for Malaysia to remain competitive in world trade.
“Malaysia is a competitive country in the global marketplace, so it must be willing to explore and implement initiatives to improve the marketability of local goods.
“This capability will support and encourage integration between local industries and regional and global supply chains.”
Meanwhile, the government has urged all industry participants to make the social environment and governance (ESG) agenda a top priority.
“In line with the sustainability and green growth agenda, the government will strengthen the approach based on environmental, social, and governance (ESG) elements.
If Malaysia intends to gain access to international markets, particularly the United States (US) and the European Union (EU), its exported goods must meet ESG standards.
“We will be left behind if we take a careless attitude and delay in our efforts towards the implementation of this ESG element,” he said.
