Third From left is Nine Dragons Paper (Holdings) Ltd chairlady, Cheung Yan with Prime Minister Tan Sri Muhyiddin Muhammad Yassin. First from left is Nine Dragons Paper PR and admin director Isabel Kow Soek Foon and deputy CEO Zhang ChengFei. Second from right is Senior Minister, Minister of International Trade and Industry Datuk Seri Mohamed Azmin Ali and MIDA CEO Datuk Azman Mahmud.
KUALA LUMPUR: China’s Nine Dragons Paper (Holdings) Ltd will invest up to RM5.40bil, involving the acquisition of a mill, and a factory to focus on paper products in Malaysia, endorsing the country’s attractive investment environment and business friendly policies.
KUALA LUMPUR: Malaysia recorded RM164bil in approved investments through 4,599 projects in the manufacturing, services and primary sectors in 2020 with China the top investor, according to the Malaysian Investment Development Authority's (MIDA) data.
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Mida stated that it has identified 240 high-profile foreign investment projects including Fortune 500 companies in the manufacturing and services sectors, with a combined potential investment value of RM81.9bil.
KUALA LUMPUR: Malaysia continues to be the investment destination for high-value manufacturing and global services in Asia, the Malaysian Investment Development Authority (Mida) said.
The country remains an attractive investment destination with a favourable environment including the availability of excellent infrastructure, telecommunication services, financial and banking services, supporting industries, skills and trainable workforce, as well market opportunities offered through the 16 Free Trade Agreements that it has signed.
Mida has refuted a recent report by a Singapore daily regarding foreign investors fleeing Malaysia, saying it is incorrect.