Malaysia PM Anwar to meet Elon Musk to discuss investments
Malaysia's Prime Minister Anwar Ibrahim is set to meet Elon Musk this week to discuss the billionaire's investment in the Southeast Asian nation.
Malaysia PM Anwar to meet Elon Musk to discuss investments
The Economics of Geography

Malaysia PM Anwar to meet Elon Musk to discuss investments

Photo: AFP/Alain Jocard
Eurasia 12/07/2023 19:00

Malaysia's Prime Minister Anwar Ibrahim is set to meet Elon Musk this week to discuss the billionaire's investment in the Southeast Asian nation. The meeting would prompt a chain reaction on the nation’s journey towards becoming an electric vehicle (EV) hub in the region, an economist said.

Malaysia's Prime Minister Anwar Ibrahim said he will meet Elon Musk, CEO of Tesla and owner of Twitter, to discuss the billionaire's investment in the Southeast Asian nation, Reuters reported.

Malaysia's Trade Ministry in March said it had approved electric vehicle maker Tesla Inc's application to import battery-run EVs into Malaysia. It said Tesla will open an office, showrooms and service centers in the country and establish a network of charging stations for its cars, but did not say when.
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The meeting between Tesla Inc founder and chief executive officer Elon Musk and Prime Minister Datuk Seri Anwar Ibrahim would prompt a chain reaction on the nation’s journey towards becoming an electric vehicle (EV) hub in the region, said Dr Yeah Kim Leng.

Sunway University economics professor noted that a fruitful discussion between the global EV giant and the Malaysian leader, expected to take place within this week, will also lead to further commitments that could benefit the Malaysian economy in general, according to The Star.

"Iconic investments typically have larger spillover effects through enhancing, strengthening local and foreign investor confidence as well as crowding in investments. This could open up more opportunities for the suppliers, service providers as well as parts and components manufacturers to actively engage with the EV industry,” cited the news site.


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