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Tuesday, 15 Dec 2020 01:47 PM MYT BY SULOK TAWIE Sarawak Chief Minister Datuk Patinggi Abang Johari Openg says foreign investors will not come to any country which does not enjoy political stability. — Bernama pic Subscribe to our Telegram channel for the latest updates on news you need to know. MIRI, Dec 15 — Sarawak Chief Minister Datuk Patinggi Abang Johari Openg today said the state’s political stability is the reason why Sarawak was the top state in the country for attracting foreign direct investment (FDI) in the manufacturing sector for the January -September period of this year....

Copy URL Foreign investors shied away from Peninsular Malaysia and placed their money in Sarawak because the state is politically and socially stable, says Chief Minister Abang Johari Openg (R). – The Malaysian Insight file pic, December 15, 2020. CHIEF Minister Abang Johari Openg said political stability and the absence of social unrest in Sarawak are the two key reasons that drove foreign investors to invest in the state. Referring to UOB’s Global Economics and Markets Research report released last week, the chief minister told members of the ethnic Orang Ulu community in Miri today th...

Saturday, 12 Dec 2020 Also giving the investments a boost was the Malaysian Industrial Development Authority’s (Mida) decision to set up the Project Acceleration and Coordination Unit to provide end-to-end facilitation for all projects approved to enable the timely implementation of investments in the country. KUALA LUMPUR: UOB Malaysia is raising its full-year approved investment forecast for this year to RM138bil after the total investment approvals for January-September surpassed its initial target of RM100bil. Global Economics & Markets Research senior economist Juli...

Xu Han December 11, 2020 09:19 At the United Nations General Assembly this September, Chinese President Xi Jinping announced that China aims to achieve carbon neutrality by 2060. Given that China has been the planet’s single-largest source of global carbon dioxide emissions in recent years – accounting for about 30% – decarbonization there could contribute substantially to the global effort to mitigate climate change. China, of course, will have to rebalance its economy. Among other things, that means shifting from manufacturing to services, from capital-intensive to innovation-led ...

Malaysia's investment approval target forecast to hit RM138bil in 2020 Ayisy Yusof © Provided by New Straits Times United Overseas Bank (Malaysia) Bhd (UOB) said the revised forecast is about 32 per cent higher than the actual investments approved during the global financial crisis in 2009. KUALA LUMPUR: Malaysia's investment approval target is projected to reach RM138 billion for the full-year of 2020 following the total approved investments of RM109.8 billion in the first nine-month (9M2020) of the year. United Overseas Bank (Malaysia) Bhd (UOB) said the revised forecast ...