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Malaysia’s goal this year is to increase the growth rate of foreign and domestic direct investment by at least 8.0% to 10% to build a foundation for economic growth.
Total approved investment in the manufacturing, services and primary industries in the country surged last year to RM329.5 billion, a record high. These investments are expected to create more than 52,700 jobs.
The Minister of Investment, Trade and Industry said Malaysia aims to double the growth rate of total approved investments to boost economic growth. Foreign investment accounted for 57.2%, mainly from Singapore, the Netherlands, the United States, the Cayman Islands and China.
The Malaysian government and Chinese institutions are launching negotiations on two-way foreign investment, aiming to strengthen investment promotion and promote economic ties and mutual growth between the two countries.
(Source: nst Image source: freepik)
