Low carbon Malaysia to attract more UK investors

British High Commissioner to Malaysia His Excellency Charles Hay MVO says UK investors are increasingly looking for countries that provide a significant number of modern tools and abide by climate change protocols.

Whether Malaysia is part of this new breed of countries the fussy UK investors are looking at is not certain. However, speaking at the ASEAN Business Advisory Council (ASEAN-BAC) Malaysia on Thursday Hay says, “The UK has a strong investment footprint in Malaysia as Malaysia has for many years been an attractive destination for British investors,”

Is Malaysia attractive to such investors?

Here are what they are looking for: Countries that provide regulatory, fiscal and political stability, that promote and protect open competition.

Malaysia is not a stable country and its politics is in shambles. The country is heading for a snap poll in one of the states in the peninsula, that is Malacca.

This is stirring a lot of commotion among voters who are still faced with the eerie prospects of getting infected by COVID-19. The Sabah snap polls last year contributed largely to the new waves of COVID-19 in the country, making it one of the most hit nations in the world.

Nevertheless, the UK ambassador says, “With economies and the rules of international trade rapidly modernizing, UK investors are increasingly looking for countries that provide regulatory, fiscal and political stability, that promote and protect open competition.

“Countries also have an advantage if they are home to international legal and professional services firms that support businesses operating on a global scale, that benefit from regional trade agreements giving preferential access to new markets, and increasingly, are low carbon intensity.”