MYR141bn in foreign investments approved for manufacturing sector

• A total of MYR141bn in foreign investments was approved for the manufacturing sector from 2013 to 2017, the Dewan Rakyat heard on 4 Apr.
• Deputy International Trade and Industry Minister Chua Tee Yong said the investments included MYR30bn in 2013, MYR39.6bn in 2014, MYR21.9bn in 2015, MYR27.4bn in 2016 and MYR21.6bn in 2017.
• “The total investments involved 1,801 projects which are expected to generate 222,000 employment opportunities,” he said. “Among the countries that invested in the manufacturing sector during the period are Japan, Singapore, China, South Korea, the US and Germany.”
• Chua said the government relied on proactive measures to create a more attractive and conducive investment environment in the country, such as improving current policies and liberalising related policies.
• The government, he said, also introduced initiatives to attract quality investments apart from emphasising capital intensive and high technology industries as well as research and development.
• Chua said the ministry was also working with its network of offices in the US and China to monitor and look for solutions to the trade tension between the two countries.

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