Malaysian PM Meets Elon Musk Next Week, Discuss What?

KUALA LUMPUR - Malaysian Prime Minister (PM) Anwar Ibrahim will hold a meeting with Tesla Executive Chief Executive Elon Musk next week to discuss the possibility of additional investment.

"Next week Elon Musk asked to negotiate with me to discuss the possibility of additional investment in Malaysia," Anwar said as quoted by Antara, Saturday, July 8.

According to Anwar, his party wants to manage the country's economy better so that it can ensure growth is recorded properly. Malaysia's economic growth in the first quarter of 2023 was recorded at 5.6 percent, higher than Indonesia, Singapore, and China.

He said inflation was declining even though the prices of goods were not fully controlled in some cases.

According to Malaysian PM, a good economic approach is needed to attract more domestic and foreign investment.

Last week with Japan, it added 20 billion (Jakarta Ringgit, around Rp64.9 trillion). This is for (investing) which is going on," said Anwar.

In April, Chinese investors agreed to invest RM170 billion (around Rp576.16 trillion).

According to him, two weeks ago the world's largest oil company, Aramco, agreed to increase investment development in Johor.

Anwar believes that starting from good governance, investor confidence in investing will improve.