Political stability crucial for attracting investment – PM

Political stability is paramount for attracting foreign investment and enabling the government to fully concentrate on national development, Prime Minister Datuk Seri Anwar Ibrahim stated. He emphasized that without political stability, investors would be hesitant to commit, hindering the government's ability to focus on development and public welfare.

"That is why I always emphasize that the relationship between Sabah and the Federal Government must continue to be strengthened to ensure the people's development agenda can be implemented effectively," Anwar said during the groundbreaking ceremony for the Madani Link project in Sipitang. He was joined by Sabah Chief Minister Datuk Seri Hajiji Noor and other state officials.

Anwar further pointed out that stable domestic politics, coupled with strong diplomatic ties with other nations, are vital for securing Malaysia's energy supply. This is particularly important as the world grapples with geopolitical uncertainties and a global energy crisis, which has led to disruptions in supply chains, such as through the Strait of Hormuz, and soaring oil prices.

Despite global pressures, Malaysia has managed to maintain the price of RON95 at RM1.99 per liter. The government is also implementing targeted diesel subsidy rationalization to ensure that farmers, fishermen, school bus operators, and the public transport sector are not unduly burdened. Additionally, Anwar approved a special allocation of RM250,000 for development, specifically for repairing basic facilities in all secondary schools in the Sipitang district, aimed at improving educational infrastructure.