Malaysia gains MYR17.5bn in investments from US-China trade war

  • THE Malaysian Investment Development Authority (Mida) has attracted 32 projects with investments worth MYR17.5bn to Malaysia via the relocation of foreign companies affected by the trade war between the United States and China.
  • International Trade and Industry Deputy Minister Lim Ban Hong said this was achieved through the facilitation services provided by Mida to 86 companies from various countries up to 31 May 20.
  • “Of the total, 28 projects with investments worth MYR8.36bn have been approved, while another four projects with investments totalling MYR9.14bn are currently being evaluated,” he told the Dewan Rakyat on 28 Jul 20.
  • Of the 28 approved projects, 10 projects worth MYR2.67bn involve Chinese companies, and are expected to generate 1,131 jobs.

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