Malaysia's trade value reached RM2.62 trillion in the first eleven months of 2024, reflecting an 8.7% year-on-year increase. Approved investments climbed to RM254.7 billion, with nearly 160,000 new jobs expected from almost 4,800 projects. The Ministry of Investment, Trade and Industry emphasizes the country's progress on the New Industrial Master Plan 2030 and its role as ASEAN Chair in driving regional economic leadership.
: Malaysia recorded a trade value of RM2.62 trillion from January to November 2024, an 8.7 per cent year-on-year increase, said Minister of Investment , Trade and Industry Tengku Datuk Seri Zafrul Abdul Aziz.
In a Facebook post on Malaysia’s achievements for 2024, Tengku Zafrul highlighted that 50 per cent of the initiatives under the New Industrial Master Plan 2030 have been or are in the process of being implemented since its launch in 2023.He also noted that approved investments reached RM254.7 billion in the first nine months of 2024, marking a 10.7 per cent y-o-y growth.
“Nearly 160,000 new jobs will be created from almost 4,800 approved projects, representing a y-o-y increase of 76 per cent in job creation and 21 per cent in project approvals,“ he added. As Malaysia takes on the ASEAN Chairmanship this year, Tengku Zafrul emphasised the Ministry of Investment, Trade and Industry’s critical role in driving economic leadership for the region, fully realising the regional bloc’s economic potential.“If we stay truly focused, I am confident the positive impact on the region will extend beyond Malaysia’s ASEAN Chairmanship,“ he said.
TRADE INVESTMENT JOBS ASEAN MALAYSIA
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Malaysia's Trade Surges to Record Highs in 2024Malaysia's trade performance for January to November 2024 reached record highs, with exports and imports contributing to a significant trade surplus.
Read more »
Malaysia's Economy Surges Ahead in 2024 with 5.2% GrowthThe Department of Statistics Malaysia (DOSM) reports that Malaysia's economy has shown strong growth in the first three quarters of 2024, expanding by 5.2% from January to September. This marks a significant improvement from the 3.8% growth recorded during the same period in 2023.
Read more »
Malaysia-China Summit 2024: RM2 Billion Trade and Investment PotentialThe Malaysia-China Summit 2024 (MCS 2024) aims to bolster trade and investment ties between Malaysia and China, exceeding RM2 billion in potential deals. The summit features the International Sourcing Program (INSP), facilitating business meetings, and showcases Malaysian products and technologies.
Read more »
Malaysia-China Trade Soars, Reaching US$98 Billion in 2024Malaysia-China economic ties remain strong, with bilateral trade reaching nearly US$98 billion in 2024. This surpasses the total trade volume of 2023 and highlights the growing partnership between the two nations.
Read more »
Malaysia-China Trade Surpasses 2023 Levels, Bilateral Growth at 6.9% in 2024Malaysia-China economic ties continue to strengthen with bilateral trade reaching nearly US$98 billion in the 11 months of 2024, matching the total trade volume for all of 2023. Minister of Investment, Trade and Industry Tengku Datuk Seri Zafrul Abdul Aziz highlights the 6.9% year-on-year growth and opportunities for further advancement. The foundation for the Malaysia-China 50-year partnership was laid centuries ago, with key milestones including reciprocal trade missions in 1971 and the establishment of diplomatic relations in 1974. Investment-wise, China has implemented 531 manufacturing projects in Malaysia valued at nearly RM80 billion, creating over 88,800 jobs. Malaysia has been a strong supporter of China's Belt & Road Initiative (BRI) since its launch in 2013.
Read more »
MIHAS @ Dubai 2024 dan JFEX Winter 2024: Usahawan PKNS terokai pasaran antarabangsaPerbadanan Kemajuan Negeri Selangor (PKNS) terus mengukuhkan peranan dalam memperkasakan usahawan Bumiputera menerusi penyertaan dalam pameran antarabangsa Malaysia International Halal Showcase (MIHAS) Dubai 2024 dan Japan International Food Expo (JFEX) Winter 2024, yang menjadi platform penting untuk mempromosikan produk, menarik pelaburan...
Read more »