Kuala Lumpur: The government has announced the introduction of the New Investment Incentive Framework (NIIF), set to be implemented from the third quarter of 2025. Deputy Minister of Investment, Trade and Industry (MITI) Liew Chin Tong emphasized that this initiative aims to enhance high-value activities and foster economic spillover effects for investment proposals in comparison to existing mechanisms that focus on specific products or activities.

According to BERNAMA News Agency, Liew stated that the MADANI Government is prioritizing a shift from the traditional 'made in Malaysia' concept to the innovative 'made by Malaysia' paradigm. This strategic shift is part of an effort to boost foreign investment inflows. MITI is also committed to nurturing 'local champions' in alignment with this new investment approach.

During a session at the Dewan Rakyat, Liew responded to a query from Datuk Dr Zulkafperi Hanapi of Tanjong Karang regarding additional strategies to ensure a continued increase in foreign investments by 2025. He highlighted Malaysia's forthcoming role as ASEAN chair in 2025 as a strategic advantage to reinforce regional economic cooperation and uphold ASEAN as a high-impact platform.

Liew further mentioned that MITI will actively promote Malaysia as a prime investment destination within the region. This includes initiatives to enhance the supply chain ecosystem with contributions from ASEAN member countries, thereby supporting the country's investment landscape and attracting foreign investors.