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Malaysia records RM80.6 billion approved investments for Q1 2021


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Malaysia’s approved investments involve 993 projects and are expected to generate 32,557 job opportunities. – The Malaysian Insight file pic, June 9, 2021.
MALAYSIA recorded RM80.6 billion worth of approved investments in the manufacturing, services and primary sectors in the first quarter (Q1) of 2021, a surge of 95.6 per cent from the same period last year.
In a joint press statement, the International Trade and Industry Ministry and Malaysian Investment Development Authority said the continued aggressive strategies to attract high-level investments from both foreign and domestic investors were exhibiting promising results.
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MIDA: Investment approvals in 1Q nearly double to RM80.6b


IMIDA said Senior Minister and Minister of International Trade and Industry Datuk Seri Mohamed Azmin Ali had presented at the Cabinet on Wednesday the impressive investment approvals for 1Q despite the unprecedented economic challenges caused by the Covid-19 pandemic.
KUALA LUMPUR: Malaysia recorded investment approvals of RM80.60bil in the first quarter ended March 31, 2021, which was a surge of 95.6% from the RM41.20bil a year ago.
The investments were for the manufacturing, services and primary sectors and involved 993 projects and they were expected to generate 32, 557 job opportunities, the Malaysian Investment Development Authority (MIDA) said on Wednesday.
“Total approved foreign direct investments (FDI) in the manufacturing, services and primary sectors increased by 383.4% to RM54.90bil in January to March 2021 from RM11.4bil in the same quarter last year, ” the statement added. ....

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UOB Malaysia: Approved investments to rise to RM185b this year


Managing director and country head of wholesale banking, UOB Malaysia Ng Wei Wei said, “Amid the impact of the pandemic on business and supply chains worldwide, it is encouraging to see that Malaysia is still attracting companies from around the world as they expand into Southeast Asia.
KUALA LUMPUR: UOB Malaysia projects approved investments in Malaysia to increase by 13% to RM185bil in 2021, of which close to 40% will be from foreign direct investment (FDI).
In a statement on Wednesday, it said China, Europe and the US are expected to remain among the top sources of FDI, while capital is likely to be channelled mainly into the high-value-added sectors, including electrical and electronics (E&E), chemical, manufacturing and industrial. ....

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