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Malaysia seeks to attract foreign investors with Strategic Investor Pass


Malaysia's Strategic Investor Pass (SIP), allowing investors multiple-entry into the country, is anticipated to enhance foreign investor attraction, according to Sunway University economics professor Yeah Kim Leng. This initiative could influence investors' future decisions about expansion or relocation. Prime Minister Datuk Seri Anwar Ibrahim recently announced the government's intention to actively issue the SIP, which enables investors to stay in the country for a minimum of five years. Dr. Mohd Afzanizam Abdul Rashid, chief economist and social finance head at Bank Muamalat Malaysia, said the SIP would facilitate foreign talents' migration to Malaysia, thus aiding the up-skilling of the Electrical and Electronics (E&E) sector. However, a clear path for technology transfer is also needed, possibly requiring tax incentives to retain talent.

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