Kuala Lampur, Jan. 6 -- As we usher in the New Year, it is important that we take a step back, and learn the right lessons from 2023's challenges. 2023 was an important year for MITI in forging a more resilient, inclusive and sustainable economic future for Malaysia on all fronts: investment, trade and industries.

The launch of the New Industrial Masterplan 2030 (NIMP 2030) to the I-ESG capacity building policy, sector-specific pushes such as the Chemical Industry Roadmap and pro-EV policies, among others, have all helped sustain the investment momentum for Malaysia in 2023.

For the first 9 months of 2023, approved investments were RM 225 billion, the highest it has been in a decade, 6.6 per cent higher than the same period in 2022, exp...