This post is also available in:
简体中文 (Chinese)
Deputy Minister of Investment, Trade and Industry Liu Zhendong said that last year, Malaysia’s foreign investment increased to 188.4 billion ringgit, an increase of 15.3% from 2022; domestic investment increased to 141.1 billion ringgit, an increase of 35.1%.
The total investment approved in 2023 is RM329.5 billion, of which foreign investment accounts for 57.2%. The government’s goal is to speed up the implementation of approved investments to enhance national economic benefits and create more high-paying jobs.
He pointed out that investment in the past did not prioritize localization, and the current government focuses on ensuring that investment creates high-paying jobs and prioritizes localization to benefit local entrepreneurs.
(Source: Bernama Image source: freepik)
