By Adam Azman
PETALING JAYA, May 15 — Selangor’s political stability, strong business ecosystem and proactive economic planning have positioned the state as one of the safest and most attractive destinations for investment amid ongoing global economic and geopolitical shifts.
State executive councillor for investment, trade and mobility Ng Sze Han said these changing global landscapes have prompted international companies to restructure supply chains and investment strategies, with Southeast Asia emerging as a preferred destination.
“Global business focus is rapidly shifting towards Southeast Asia due to geopolitical conflicts and changing economic conditions.
“Southeast Asia is now viewed as a safer region for investment, with Selangor standing out due to its diversified economy, developed infrastructure and conducive business environment.
“If we look ahead, Selangor is among the places capable of offering diverse investment opportunities,” he said during the ‘Selangor CXO Club Closing Gala’ at M World Hotel here last night.
Ng also encouraged Malaysian small and medium enterprises (SMEs) and business leaders to take advantage of emerging opportunities by expanding beyond domestic markets into the wider Southeast Asian region.
The Selangor CXO Club is an executive leadership and business acceleration programme organised by the Selangor Information Technology and Digital Economy Corporation (SIDEC) to help high-potential startups and SMEs strengthen leadership capabilities, scale operations and prepare for regional expansion and capital market opportunities.
Ng said the nine-month programme had equipped participating CEOs, CFOs, CTOs and CMOs with leadership and business skills needed to face increasingly complex global challenges.
“The Selangor CXO Club should not be viewed as the end of a programme, but rather the foundation for stronger future business growth and innovation leadership.
“The state government remains committed to positioning Selangor as Malaysia’s leading business and digital innovation hub through proactive and industry-driven initiatives.”
Ng also highlighted Sidec’s expansion of its accelerator ecosystem into a “triple accelerator model” comprising DeepX, RetailX and TokenX.
“DeepX focuses on AI, deep tech and high-growth technology companies, while RetailX supports SME digitalisation and retail transformation. TokenX, meanwhile, is aimed at accelerating growth in Web3, digital assets and fintech industries.
“These modular 12-week accelerator programmes are designed to help businesses remain agile and globally competitive.”
Additionally, Ng said the Selangor government is strengthening SME development through collaborations with major industry players including Boost, Cradle Fund, MVCA, TT Racing, KASEM and Affin Bank.
“Through these partnerships, participants are exposed to IPO preparation, business financing, online sales growth and regional expansion strategies.”
