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Tunku Zafrul Aziz, Malaysia’s Minister of Investment, Trade and Industry, announced that the country’s investment promotion measures have resulted in an investment of RM225 billion approved from January to September this year, covering services, manufacturing and primary industries.
He said this would create 89,495 jobs, highlighting Malaysia’s resilience in the global uncertain environment. Foreign direct investment accounted for 55.9% of total investment, mainly from the Netherlands, Singapore, the United States, China and Japan. Japanese foreign direct investment in Malaysia will exceed RM30 billion in 2023.
Tunku Zafrul stressed that domestic direct investment increased by 45.2% year-on-year, contributing 44.1% of total investment, with Kuala Lumpur, Penang, Selangor, Kedah and Johor being investment hot spots. Approved investment in the manufacturing industry increased by 53.9% year-on-year, accounting for 44.4% of the total.
(Source: freemalaysiatoday Image source: freepik)
