Prime Minister Anwar Ibrahim with members of the national economic action council at the council’s meeting in Putrajaya today. (Facebook pic)
KUALA LUMPUR: Malaysia should fully leverage the vast potential of the local rare earths industry, says Prime Minister Anwar Ibrahim.
At the meeting of the national economic action council today, Anwar said there should be collaborations with international experts aimed at developing the entire industry chain within the country.
“Strengthening enforcement is crucial to prevent resource exploitation, which could reduce government revenues and impede the growth of the rare earths elements industry,” he said.
In a social media post later, he said the government was reviewing the New Deal for Business initiative to position Malaysia as a preferred business destination. “It was a vital step given our current standing in the global competitiveness index,” he said.
Anwar added that the government is confident that these efforts will enhance investor confidence and strengthen Malaysia’s economic foundation.
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