Focus

Government to issue strategic investor pass to make Malaysia global investment destination

14 Jul 2023 05:38pm
Prime Minister Datuk Seri Anwar Ibrahim - FILE PIX
Prime Minister Datuk Seri Anwar Ibrahim - FILE PIX
PUTRAJAYA - Prime Minister Datuk Seri Anwar Ibrahim said today the government will actively issue a Strategic Investor Pass (SIP) for investors to enter Malaysia on a multiple entry basis.

Through this facilitation, he said, strategic investors identified by the Malaysian Investment Development Authority (Mida) will be able to stay in the country for a minimum of five years with a view to being extended for another five years.

"This initiative is to establish Malaysia as a leader in the Asian economy and a globally competitive investment destination,” said Anwar, who is also Finance Minister, at the Budget 2024 engagement session here today.

MORE TO FOLLOW

Related Articles:
PRIME MINISTER
GOVERNMENT
DESTINATION
STRATEGIC
ANWAR IBRAHIM
More Like This
Business owner Siti Sulekha Zakaria, 36, prepares a hamper filled with food products synonymous with the state of Tok Gajah at her shop in Kompleks Serambi Teruntum recently. Photo by Bernama
Business owner Siti Sulekha Zakaria, 36, prepares a hamper filled with food products synonymous with the state of Tok Gajah at her shop in Kompleks Serambi Teruntum recently. Photo by Bernama
Money Couple see strong business growth by selling hampers with a difference
Two years ago, the couple took their business to even greater heights by producing hampers containing food products that are synonymous with the state.
Traders work on the floor of the New York Stock Exchange (NYSE) on November 13, 2024, in New York City. (Photo by ANGELA WEISS/AFP)
Traders work on the floor of the New York Stock Exchange (NYSE) on November 13, 2024, in New York City. (Photo by ANGELA WEISS/AFP)
Money US adds South Korea to currency watchlist, drops Malaysia
The semi-annual report looks into countries with large trade surpluses with respect to the United States that also actively intervene in foreign exchange markets to gain a competitive advantage.
People participate in a car caravan in support of US President-elect Donald Trump on November 9, 2024 in New York City. - Photo by AFP
People participate in a car caravan in support of US President-elect Donald Trump on November 9, 2024 in New York City. - Photo by AFP
Money Malaysia to monitor US economic policies following Trump’s election victory - Finance Minister II
Malaysia’s economic outlook remains strong as GDP grows by 5.1 per cent in 2024.
Photo for illustration purposes only. - 123RF
Photo for illustration purposes only. - 123RF
Money Bitcoin price exceeds US$80,000 for first time
In the past seven days, the leading cryptocurrency has gained more than 17 per cent in value.