Published on: Saturday, January 30, 2021
By: Bernama
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Kuala Lumpur: The Malaysian Investment Development Authority (Mida) has identified 240 high profile foreign investment projects in the manufacturing and services sectors with a combined potential investment value of RM81.8 billion that are being negotiated and targeted in 2021.
Mida has thus far received and evaluated RM47.7 billion worth of potential investments into the country.
“These projects, once approved, are expected to be implemented within the year 2021 to 2022,” said Mida in a statement Friday.
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Assuring that investment intentions remain healthy, it said Malaysia recorded a RM109.8 billion worth of approved investments in the economy particularly manufacturing, services and primary sectors for the first nine months of 2020.
Friday, 29 Jan 2021 03:53 PM MYT
BY KEERTAN AYAMANY
Earlier this week, the United Nations Commission on Trade and Development reported that the inflow of FDI into Malaysia dropped by 68 per cent to US$2.5 billion last year. Picture by Hari Anggara
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KUALA LUMPUR, Jan 29 ― In response to reports of falling foreign direct investments (FDI), the Malaysian Investment Development Authority (Mida) today announced that it has identified 240 high-profile foreign investment projects in the manufacturing and services sectors, with a combined potential investment value of RM81.9 billion.
Mida said the projects are still being negotiated, adding that it has also “received and evaluated” RM47.7 billion worth of other potential investments.
Shamsul: This year’s IGEM will also be virtual, but the approach will be different.
THE 11th International Greentech & Eco Products Exhibition & Conference Malaysia (IGEM 2020), the first virtual edition held last October, has successfully reinforced its role as the leading green technology, business and innovation platform in South-East Asia.
Environment and Water Minister Datuk Seri Tuan Ibrahim Tuan Man said IGEM 2020 succeeded in generating RM3.4bil in potential business investments and attracted participants from 79 countries.
“The virtual edition has given a wider space for experts in the green technology field, who have actively participated in the live or recorded conferences.
Malaysian Investment Development Authority (Mida).Chief executive officer Datuk Azman Mahmud (pic) said investments approved in the manufacturing sector from January to September 2020 saw an increase of 16.6% in capital investments, up from 3.2% recorded in the corresponding period of 2019.
KUALA LUMPUR: Malaysia continues to be a competitive investment destination despite the global uncertainties, with US$26.4bil investments being approved in the first nine months of 2020, according to the Malaysian Investment Development Authority (Mida).
Chief executive officer Datuk Azman Mahmud said investments approved in the manufacturing sector from January to September 2020 saw an increase of 16.6% in capital investments, up from 3.2% recorded in the corresponding period of 2019.