Minister Tengku Zafrul Aziz highlighted Malaysia's potential to achieve high-income status by 2030, driven by substantial foreign direct investment (FDI) inflows. Plans include strengthening the electrical and electronics (E&E) sector, preparing for global tax changes, and enhancing the semiconductor ecosystem through initiatives like NIMP 2030. Malaysia expects robust economic growth, buoyed by a strong semiconductor upcycle and increased exports, outpacing ASEAN's average growth.MALAYSIA HAS POTENTIAL TO BECOME HIGH-INCOME NATION BY 2030
Minister Tengku Zafrul Aziz highlighted Malaysia's potential to achieve high-income status by 2030, driven by substantial foreign direct investment (FDI) inflows. Plans include strengthening the electrical and electronics (E&E) sector, preparing for global tax changes, and enhancing the semiconductor ecosystem through initiatives like NIMP 2030. Malaysia expects robust economic growth, buoyed by a strong semiconductor upcycle and increased exports, outpacing ASEAN's average growth.
