US INVESTMENT FLOW TO MALAYSIA REMAINS HIGH IN FIRST FOUR MONTHS

New York, July 9 (Bernama) -- The United States of America, which is the
largest single investor in Malaysia, continues to retain the number one slot
in the first four months of 2011.

Arham Abdul Rahman, Director, Malaysia Investment Development Authority
(MIDA) in New York said investment flow to Malaysia has been quite strong.

"Yes, the investment flow from USA to Malaysia is the highest among
all foreign investors. Although the number of projects approved by MIDA from
the United States is only five, the overall value of the projects is quite
high at US$575 million in the first four months of the year," he told Bernama in
an interview.

Although the US has not fully recovered from the devastating economic
crisis, many American experts are surprised by the high level of investment
flow into Malaysia.

Indeed, the year 2010 was, as Arham put it, a "record investment year" as
far as foreign direct investment (FDIs) from the United States is concerned.

Arham, who recently attended the BIO International Convention in Washington
DC, said that biotechnology was a "very promising sector" for attracting FDIs.

Although the Malaysian Biotechnology Corp, along with its associate company
Malaysian Bio-Xcell Sdn Bhd, are promoting all aspects of Malaysia's
biotechnology sector, MIDA's overseas offices provide information and other data
to potential American investors and puts them in touch with Malaysian
Biotechnology Corp.

"American interest in Malaysia's biotechnology sector at the recent
Washington event was quite strong.

"According to information I received, the Malaysian Bio-XCell Sdn Bhd and
its parent, Malaysian Biotechnology Corp, attracted some 40 one-on-one meetings
with investors and others," Arham maintained.

MIDA has approved 272 investment projects from around the world in the
first four months of 2011 with an investment volume of US$6.4 billion and will
create some 37,391 jobs in Malaysia in different sectors.

Some of the sectors for which most of the investment applications were made
were, among others, electrical and electronic projects, basic metals, transport
projects, etc.

Arham is also eyeing a visit to Malaysia by a high-profile business
delegation organised by the Washington based US-Asean Business Council (USABC)
which promotes economic and business ties between the USA and the Asean group.

"This visit is expected to have a strong positive impact on investment flow
to Malaysia. The delegation comprises top executives of 20 multinational
companies with a strong interest in the Southeast Asian region.

"They will be touring the region and will be in Malaysia on July 19 and 20.
They are expected to meet senior representatives of the Ministry of
International Trade and Industry as well as MIDA," Arham said.

Another "milestone event" that is expected to put Malaysia on the world's
industrial map is the Forbes Global CEO Conference to be held in Kuala Lumpur
from September 12 to 14 under the banner “At the Crossroads”.

The conference, an annual event, is attended by some 400 global CEOs,
entrepreneurs, capitalists, modern thinkers and other prominent persons,
according to Forbes in New York.

With global corporate stars expected to descend upon Kuala Lumpur, the
conference will acquire an international aura.

MIDA's New York office is coordinating with the USABC as well as with
Forbes.

-- BERNAMA