Prime Minister Tun Dr Mahathir Mohamad pledged that Putrajaya will continue to welcome foreign direct investment, but with a caveat that local contractors will be given priority in the development sector.
"This FDI will be limited to those bringing funds and technology into the country, constructing factories, producing goods for the local market or export.
The new government under Prime Minister Dr Mahathir Mohamad will ensure that the abolition of goods and services tax (GST) and the reintroduction of fuel subsidies will not adversely affect the Malaysian economy.
The government's newly set-up team of eminent persons is confident of shelving GST and reinstating fuel subsidies as they have the relevant expertise and experience.
On 26 April a smart partnership between MaGIC alumni SERV and JomParking with Bateriku.com was announced with the aim of bringing convenience to Malaysia’s drivers.
The startups, each possessing a distinct expertise, from parking payment to battery replacement and car servicing, have described the collaboration as a more convenient way to help drivers resolve their driving and car maintenance issues.