ECONOMIC Minister Azmin Ali today said investor confidence in Malaysia’s government is back.

He said the Pakatan Harapan government is “quite optimistic” about the economy as the latest statistics are very positive.

“(Investors) are very forthcoming. The latest statistics, foreign direct investments and domestic direct investments, are very positive. Confidence in the system is back,” he told reporters after the ruling pact’s anniversary celebrations in Putrajaya today.

He added the government is ready to continue with major infrastructure projects now that the economy is back on track.

“Initially, we reviewed the mega projects because we wanted to set our priorities right. Now, the economy is back on track and we should be able to continue with a few major infrastructure projects that will benefit the people.”

Without naming the projects, Azmin said those related to infrastructure and public transport are important.

He added the government’s current focus is on ensuring governance is in place for transparency purpose and to prevent corrupt practices.

The one-year-old government has saved RM45.84 billion through renegotiated projects that included the East Coast Rail Link, Light Rail Transit 3 and Mass Rapid Transit 2.

The figure is based on reports of cost savings following renegotiations.

Deputy International Trade and Industry Minister Ong Kian Ming yesterday said these resumed projects, which the government initially shelved, would revive corporate activity and investment interest. – May 9, 2019