Matrade

KUALA LUMPUR — The government will allocate an additional RM50 million to the Malaysia External Trade Development Corporation (MATRADE) to expedite efforts to explore new markets.

Prime Minister Datuk Seri Anwar Ibrahim said this initiative is part of the MADANI government’s strategy to ensure economic stability and safeguard national interests in the short to medium term following the sudden reciprocal tariffs imposed by the United States on Malaysia.

“Among the measures to be implemented is assisting small and medium enterprises (SMEs) in penetrating new markets through participation in international trade expos and exhibitions, as well as facilitating business matching with foreign buyers,” he said during today’s Special Parliamentary Meeting in the Dewan Rakyat on the US tariffs.

Anwar said that the government will continue encouraging efforts to attract global businesses and talent to Malaysia, especially in national priority sectors such as artificial intelligence (AI), including academics from leading universities.

“We have indeed begun to see expressions of interest from prominent figures in science and professional fields in relocating to Malaysia,” he added. — BERNAMA