SHAH ALAM, Feb 12 — After recording RM51 billion in investments in the first three quarters of 2025, the state aims to achieve even stronger results this year through various incentive and support measures.
State executive councillor for investment, trade, and mobility Ng Sze Han said this would be aided by Malaysia’s steady economic outlook for 2026, with the ringgit's strong performance and the stock market's strong performance among the clearest indicators.
“Compared with other countries in the region, the movements of our currency and stock market show that the economy is on the right track. Selangor’s contribution to the national economy is also significant.
“Most key indicators met their targets last year, and I am confident that Selangor’s economy will continue to grow this year and contribute even more to Malaysia’s overall performance,” he said in a recent media interview in conjunction with the Chinese New Year.
Ng added that of the RM51 billion in investments recorded as of September last year, about 55 per cent came from domestic investments.
This indicated that the state government’s various support and incentive measures for local businesses have been effective in helping deliver strong investment results.
“This year, we will continue on the same path. In addition to attracting high-potential, high-value-added foreign investments, we will also continue to support local companies in expanding their business footprint both domestically and internationally,” he said.
In light of changes in the global geopolitical landscape, Selangor’s businesses must uphold the principle of “righteousness and profit” in order to grow more steadily and sustainably.
“Many people ask me what Selangor’s businesses should rely on moving forward. My answer is righteousness and profit.
“Today, many companies are promoting Environmental, Social, and Governance (ESG) standards, meaning that in addition to pursuing profits, they must also fulfil their social responsibilities and contribute to society,” Ng said.
Separately, while some may not immediately feel the impact of investment from large corporations, this does not mean they do not bring economic benefits.
“Take the Integrated Circuit (IC) Design Park in Puchong as an example. With the entry of high-end industries, not only are more job opportunities created, but purchasing power in the surrounding areas has also increased, making nearby shops and business activities noticeably more vibrant,” he said.
Similarly, the councillor noted that large foreign investments should integrate local small and medium enterprises into their supply chains.
The state government will continue to engage with major corporations and encourage them to fulfil their corporate social responsibility (CSR) by outsourcing services like catering, cleaning, and basic services to local small businesses.
“This helps stimulate local economic activity and expand the overall economic impact, so that communities can truly feel the benefits,” Ng said.
