Malaysian businesses hope new government will boost investor confidence

WITH Malaysia’s post-election political deadlock finally resolved, businesses are optimistic that the forming of a unity government will improve market sentiment and boost foreign investment.

Koong Lin Loong, chairman of the finance and planning committee in The Associated Chinese Chambers of Commerce and Industry of Malaysia, said he felt relieved when he heard the confirmation that Pakatan Harapan (PH) chairman Anwar Ibrahim had been appointed as prime minister.

“Firstly, we are seeing the forming of a more stable government as the King stressed the federal government will be inclusive of all races, religions and regions. Secondly, Anwar has experience in running the government – I believe he will be able to lead the country,” he told The Business Times.