ID :
196651
Sat, 07/23/2011 - 07:45
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Shortlink :
https://oananews.org//node/196651
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MALAYSIA STILL A CHOICE INVESTMENT DESTINATION
By Zainal Abdul Jalil
ALOR SETAR (Kedah,Malaysia), July 23 (Bernama) -- Malaysia has remained a choice destination for foreign investors and foreign investments into the country have continued to rise despite the attempts by several parties to create disharmony in the country.
Making this point, Minister of International Trade and Industry (MITI), Mustapa Mohamed said that despite the disturbances, the interest and confidence of both local and foreign investors had only gone up.
He said the commitment shown by investors during their meetings with Prime Minister Mohd Najib Razak and also with him, during their visits to promote Malaysia in these countries, had reflected the interest.
"Our investment climate still remains the best. That is why many countries from the Middle East, as well as Germany, Japan, South Korea and India have high interest and have given the commitment to invest in the sectors of oil and gas, electronic, tourism, hotel and resorts as well as green technology.
"This confidence is based on the responses from the recent visit by Prime Minister Najib Razak to United Kingdom and also my meetings with investors from Japan and South Korea recently," Mustapa told reporters after officiating the Kedah Entrepreneurs Carnival 2011 near here, Friday.
He said foreign investors also remained confident of the country's
leadership and its policies that protect their investments.
For the eight months from October last year to May this year, RM170 billion in foreign investments had entered Malaysia, creating 300,000 job opportunities as well.
Investors in the private sector have also seen high interest and the investment figure in this sector is estimated to hit RM83 billion by end of this year, he said.
Mustapa said South Korea and Japan were two countries keen to explore green technology in Malaysia in the sectors of renewable energy sources and biomass.
"While this sector is still new for Malaysia, it can make this country a research centre that has the potential for the creation of new technologies that could benefit the country," he said.
During his speech earlier, he said MITI had helped 1,700 entrepreneurs while establishing 1,000 new entrepreneurs throughout last year.
"MITI also provides equal opportunities to all states in its overseas promotions to attract new investments," he said.
Meanwhile, the three-day carnival which took off here Thursday has the participation of 100 companies that have set up a total of 171 booths.
--BERNAMA
ALOR SETAR (Kedah,Malaysia), July 23 (Bernama) -- Malaysia has remained a choice destination for foreign investors and foreign investments into the country have continued to rise despite the attempts by several parties to create disharmony in the country.
Making this point, Minister of International Trade and Industry (MITI), Mustapa Mohamed said that despite the disturbances, the interest and confidence of both local and foreign investors had only gone up.
He said the commitment shown by investors during their meetings with Prime Minister Mohd Najib Razak and also with him, during their visits to promote Malaysia in these countries, had reflected the interest.
"Our investment climate still remains the best. That is why many countries from the Middle East, as well as Germany, Japan, South Korea and India have high interest and have given the commitment to invest in the sectors of oil and gas, electronic, tourism, hotel and resorts as well as green technology.
"This confidence is based on the responses from the recent visit by Prime Minister Najib Razak to United Kingdom and also my meetings with investors from Japan and South Korea recently," Mustapa told reporters after officiating the Kedah Entrepreneurs Carnival 2011 near here, Friday.
He said foreign investors also remained confident of the country's
leadership and its policies that protect their investments.
For the eight months from October last year to May this year, RM170 billion in foreign investments had entered Malaysia, creating 300,000 job opportunities as well.
Investors in the private sector have also seen high interest and the investment figure in this sector is estimated to hit RM83 billion by end of this year, he said.
Mustapa said South Korea and Japan were two countries keen to explore green technology in Malaysia in the sectors of renewable energy sources and biomass.
"While this sector is still new for Malaysia, it can make this country a research centre that has the potential for the creation of new technologies that could benefit the country," he said.
During his speech earlier, he said MITI had helped 1,700 entrepreneurs while establishing 1,000 new entrepreneurs throughout last year.
"MITI also provides equal opportunities to all states in its overseas promotions to attract new investments," he said.
Meanwhile, the three-day carnival which took off here Thursday has the participation of 100 companies that have set up a total of 171 booths.
--BERNAMA
