PRIME Minister Anwar Ibrahim has met heads of technology giants such as Google, Enovix Cooperation, Microsoft and TikTok.

“I have held meetings with large companies. They have acknowledged they will extend their investments in Malaysia on a large scale,” Anwar said.

“A stable political system and clear policies are among the important factors for them to invest in Malaysia.

“The approval process will also give them confidence. The speed of the presence of new investors will give Malaysia a new record,” he told Malaysian reporters after the meetings.

Google was represented by its president and chief investment officer Ruth Porat, Enovix by its chief operating officer Ajay Marathe, Microsoft Asia by its president Ahmed Mazhari and TikTok by chief executive officer Shou Zi Chew.

The San Francisco Bay Area is home to many of the biggest Fortune 500 companies, which are the most innovative firms in artificial intelligence development, biotech, software, clean technology, and social media.

Anwar, who is also finance minister, has also received a courtesy call from TPG’s founding partner, executive chairman and director Jim Coulter. TPG is a leading global alternative asset management firm.

The prime minister arrived in San Francisco on Monday for the 30th Apec Economic Leaders’ Meeting from November 14 to 17, marking his maiden visit to the official meeting as prime minister.

Also present during the meetings were Investment, Trade and Industry Minister Tengku Zafrul Abdul Aziz, Communications and Digital Minister Fahmi Fadzil, Malaysia’s ambassador to the United States Nazri Abdul Aziz as well as other senior government officials. – Bernama, November 16, 2023.