Enhancing Malaysia’s investments
The Malaysian Investment Development Authority (MIDA) has identified 240 high-profile foreign investment projects in the manufacturing and services sectors with a combined potential investment value of RM81.9bil.
MIDA said the government was drawing up a national investment strategy to attract high-quality investments that can meaningfully enhance Malaysia’s productive capacity, create high-skilled jobs, promote technology transfer and foster domestic linkages.
Malaysia was ranked fourth amongst 17 economies, according to a recent joint study by KPMG and the Manufacturing Institute in the United States entitled “Cost of Manufacturing Operations around the Globe”. “The study validates Malaysia’s aspirations to become a global supply chain hub in the region. Further, MNCs are using Malaysia as a hub for treasury management services as well as a myriad of activities of related services, ” MIDA said.
Read the full article published by The Star or click here to read it on The Star Online. This news was also published by The Edge Markets, New Sarawak Tribune and Berita Harian.
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