KUALA LUMPUR: Malaysia has demonstrated its resilience and continued appeal to investors amid the global economic uncertainty by attracting a substant...
Malaysia has demonstrated its resilience and continued appeal to investors amid the global economic uncertainty by attracting a substantial 18 per cent year-on-year increase in approved investments to RM160 billion across the services, manufacturing, and primary sectors from January to June 2024 .
He said Asean is forecast to grow at 4.6 per cent in 2024 and 4.7 per cent in 2025 on solid improvement in both domestic and external demand, and Malaysia is determined to capture this growth. MITI said domestic investments took the lead in 1H 2024, making up a significant 53.4 per cent of the total approved investments, valued at RM85.4 billion. “This is a clear sign of domestic businesses’ continued growth and confidence in the country’s economic policies. In contrast, foreign investments accounted for 46.6 per cent of the total approved investments, worth RM74.6 billion.”
A stable MADANI government and a robust business-friendly environment are among the key value propositions for Malaysia to continuously attract foreign investments.
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