Finance minister says Malaysia is reaping benefits from the US-China trade war.
PETALING JAYA: Malaysia has benefited from the US-China trade war, says Finance Minister Lim Guan Eng, adding that a spate of relocations and trade diversions has attracted more foreign direct investment into the country.
He said Malaysia recorded FDI worth RM29.3 billion for all sectors during the period, from RM16.9 billion in 2018. “For instance, the average price of lady’s fingers in April 2019 was RM7.30 per kg, which was 25 sen lower than it was a year ago at RM7.55 per kg in April 2018.”
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