MALAYSIA EXPECTS HIGHER FDIs THIS YEAR

KUALA LUMPUR, March 2 (Bernama) -- Malaysia is confident foreign direct
investments (FDIs) this year will increase compared with 2009's, said Minister
of International Trade and Industry, Mustapa Mohamed.

He said efforts would continue to be made to woo more foreign companies in
Malaysia to increase their investments.

"Also, the ministry will hold promotions to attract more new foreign
companies to invest here," he told reporters after a meeting with ambassadors,
high commissioners and economic counsellors here Tuesday.

Last week, former International Trade and Industry Minister, Rafidah
Aziz, said to maintain Malaysia's competitiveness in wooing FDIs, the relevant
authorities must continue to "touch base" with people who had the potential to
invest abroad.
-- BERNAMA