Tuesday, 06 Apr 2021 05:27 PM MYT
International Trade and Industry Minister Datuk Seri Mohamed Azmin Ali said it is crucial to keep the government investment policies relevant, resilient and responsive to the evolving ecosystem. Photo by Hari Anggara
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KUALA LUMPUR, April 6 Malaysia is currently undertaking concerted efforts to review its existing policies and restructure its investment strategy to ensure that implementation of high-impact projects can be expedited.
International Trade and Industry Minister Datuk Seri Mohamed Azmin Ali said it is crucial to keep the government investment policies relevant, resilient and responsive to the evolving ecosystem.
Malaysia reviews policies, investment strategy to expedite project implementation thesundaily.my - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thesundaily.my Daily Mail and Mail on Sunday newspapers.
Kenya is the most attractive destination for Japanese firms seeking to make new investments in Africa, a survey has shown.
The survey carried out by Japan External Trade Organisation (Jetro) on Japanese-affiliated companies in Africa, found that over a third (35.1 percent) of polled companies cited Kenya as their preferred future investment destination in Africa.
South Africa came second with 33 per cent of the companies citing it as an attractive destination followed by Nigeria (29.4 per cent), Ethiopia (21.3 percent and Ghana (19.5 per cent).
Tanzania closed the top 10 preferred list at 15.6 per cent.
Jetro cited in its report Kenya’s position as the economic hub of East Africa, with many emerging start-up companies offering big potential for collaboration as the reason for preference by japanese companies.
Japan will need to place more focus on processed value-added foods and supply chain development beyond agricultural products if it wishes to hit its food exports target of JPY5tn (US$45.9bn) by 2030.
Japan announced ambitions to expand its food and agricultural product exports to JPY5tn by 2030 late last year, with mainly agricultural products such as wagyu beef and rice in the spotlight as key export items – but government ministers have now voiced doubts that depending on agricultural products as a key strategy is sufficient to hit this goal.
In a recent Shugiin (Japan’s House of Representatives, the lower house of the National Diet or legislature of Japan), Vice Minister for Foreign Affairs Norikazu Suzuki highlighted that of total Japanese exports in 2019 valued at JPY921.1bn (US$8.5bn), some JPY327.1bn (US$3bn) of this was from processed foods.
地場企業の海外展開支援 埼玉県、視察代行や駐在員の相談対応 sankei.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from sankei.com Daily Mail and Mail on Sunday newspapers.