Malaysia's Economic Strategy: Focusing on Investment Clusters and Intra-ASEAN Trade

Malaysia urged to focus on strategic investment clusters to boost economy amid global uncertainty. Kuala Lumpur, May 28, 2025 - In a recent news report by Astro AWANI, Malaysia has been advised to prioritize strategic investment clusters, enhance intra-ASEAN trade, and position itself as a stable investment destination. The report features Datuk William Ng, President of the SME Association of Malaysia, who stated, "Malaysia is in a strategic position to drive regional investment and play a crucial role in Southeast Asian economic migration." He further suggested focusing on developing investment clusters, particularly in sectors where Malaysia holds a competitive advantage, such as renewable energy, semiconductors, and halal products. The report also emphasizes the need to increase intra-ASEAN trade, currently at less than 30% of total trade, by reducing non-tariff barriers and promoting the use of local currencies. Malaysia's strategic geographic location is highlighted as a key asset for attracting foreign investment, especially in the context of ongoing trade tensions between the US and China. The government is encouraged to translate this positive momentum into tangible economic actions.