Malaysia, Asean big winners from US-China trade war

Malaysia among top destinations for companies seeking to penetrate Southeast Asia.

International trade and industry minister Tengku Zafrul Aziz says that many multinational companies are currently looking at re-shoring and friend-shoring.

The Southeast Asian nation secured approved investments of RM71.4 billion in the first three months of 2023, up 60% from the year-earlier period. A quarter of the firms surveyed with no presence in Malaysia plan to expand there in the next two years, led by mainland China and the US.

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