Investments Worth Billions Of Ringgit Signal Growing Confidence In Malaysia's Economy — Chiew
KUCHING, Nov 11 (Bernama) -- Malaysia's robust economic expansion, marked by strong gross domestic product (GDP) growth in the first half of 2026 (1H 2026), highlights the success of ongoing economic reforms as well as surging investor confidence, said Deputy Tourism, Arts and Culture Minister Chiew Choon Man.
He said these achievements reflect the MADANI Government's continued efforts and the growing confidence of investors in Malaysia.
“As highlighted by the Prime Minister, the economic reforms implemented by the government over the past four years have helped strengthen Malaysia's economy. Our country has the potential to achieve even stronger economic growth,” he said in a statement today.
Chiew, who is also the Member of Parliament for Miri, said the economic resilience is bolstered by billions of ringgit invested into Malaysia, signaling growing confidence from investors under the MADANI administration.
He said the recent major developments include a US$1.85 billion (US$1 = RM4.07) commitment for AI infrastructure by SoftBank Group, Grab and Petroleum Sarawak Bhd (Petros), alongside other massive foreign investments.
“Last week, Google announced that it will invest US$15 billion in Malaysia over the next two years. This investment will support the development of energy-efficient data centre campuses in Selangor and Negeri Sembilan, with the potential to create 37,000 jobs annually, including 6,000 jobs in the construction sector.
“In the same week, a business delegation of Chinese investors led by (All-China Federation of Industry and Commerce vice-chairman) Pansy Ho also expressed interest in potential investments of US$15 billion in Malaysia,” he said.
He highlighted that the Chinese delegation has expressed interest in sectors such as electrical and electronics (E&E) and semiconductors; specialised industrial materials and precision engineering; digital economy and technology infrastructure; food processing and halal products; as well as tourism.
Chiew noted that according to figures reported by the Department of Statistics Malaysia, the nation's GDP maintained an upward trajectory. It rebounded to 5.1 per cent in 2024 from 3.5 per cent in 2023 and expanded by 5.2 per cent in 2025, before growing to 5.7 per cent in 1H 2026, with the second quarter recording a 6.0 per cent expansion.
“I look forward to seeing Malaysia maintain this positive economic outlook and attract further foreign investments into the country. As part of the MADANI Government, I remain committed to working hard towards this shared goal,” he said.
-- BERNAMA