KUALA LUMPUR, Aug. 20 -- Prime Minister Datuk Seri Anwar Ibrahim has announced that the government will tighten the vetting process for new foreign investors to ensure their operations provide tangible benefits to the local workforce and the broader economy.

Speaking to the media following the launch of the TikTok Shop Summit Malaysia 2026, Anwar revealed that the Ministry of Investment, Trade and Industry (MITI) has flagged systemic issues regarding foreign firms that utilise Malaysia merely as a transit point.

"The presence of some companies that use these warehouses for transiting are not generating any advantage both in terms of employment and or economic benefits. We have stopped those activities, but we need to review new applican...