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Malaysian Minister: Investments Set to Hit RM40bil This Year
Source: biz.thestar.com.my
Source Date: Saturday, August 14, 2010
Focus: Institution and HR Management
Country: Malaysia
Created: Aug 16, 2010

KUALA LUMPUR: Malaysia is optimistic total investments in the country will reach RM40bil this year compared with RM32bil last year, said International Trade and Industry Minister Datuk Seri Mustapa Mohamed.

In the first six months of the year, Malaysian Investment Development Authority (Mida) has approved investments totalling RM13.2bil, of which RM7.5bil was from abroad.

Speaking to reporters after the ministrys monthly gathering here yesterday, Mustapa said Mida had approved 455 projects between January and June.

Of the total projects approved, electrical and electronics accounted for RM3.3bil, fabricated metal products RM605.9mil, and scientific and measuring equipment RM554.4mil.

He said the three largest foreign direct investors in Malaysia during the period under review were Singapore with RM2.9bil, followed by Japan (RM722.6mil) and Switzerland (RM537.8mil).

Mustapa said Miti had mobilised its machinery in the country and abroad to lure more investments in the second half of this year.
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