Petaling Jaya: MARC Ratings Bhd CEO Rajan Paramesran said Malaysia’s corporate capital expenditure (capex) would grow by 15.3% in 2024, indicating growing confidence from domestic and international investors.photograph).
He said the increase highlights the country’s sound economic policies and continued efforts to attract high-value investments across diverse sectors.
“Malaysia remains committed to fostering an environment conducive to business growth. This increase reflects investors’ confidence in our long-term economic potential,” Rajan said today. stated in the MARC360 Overview Webinar.
This is in line with Malaysia’s broader strategy to strengthen its position as a leading investment destination in the region, it added.
Rajan said investment growth is supported by strategic public-private cooperation.
“These partnerships are delivering significant advances in areas such as green technology, manufacturing and digital transformation. Investments focused on sustainability and innovation are on the rise, and this is an important contribution to the future of the Malaysian economy. It aligns with our vision.”
Rajan said the government is prioritizing support for small and medium-sized enterprises, which are a key pillar of Malaysia’s economy. “Small businesses are essential to our growth story and ensuring their success remains our top priority. This increase in capital investment also reflects our efforts to provide them with more opportunities. Masu.”
He said foreign direct investment has also played a vital role in this surge, with Malaysia strengthening its position in the global market with its ability to attract major multinational companies. “We are focused on maintaining strong relationships with overseas investors and ensuring Malaysia remains a competitive and attractive destination.”
Rajan said that alongside increased investment, the government reaffirmed its commitment to improving infrastructure and streamlining regulatory processes. “By reducing bureaucratic barriers and investing in infrastructure, we aim to create an ecosystem where businesses can grow.”
Despite global uncertainties, Rajan said Malaysia’s strategic approach to economic management appears to be paying off. “The resilience of our economy is a testament to the policies and reforms our country has implemented over the years,” he said.
Rajan said the 15.3 per cent jump in corporate capital expenditures confirms the country’s economic resilience and readiness to embrace new opportunities. “Investments are in the pipeline that will shape the future of Malaysia’s economy, and stakeholders will be optimistic about continued growth in the coming years.”
