Investors Can Use Malaysia To Tap Asean Market: Minister Azmin

KUALA LUMPUR, May 15 (Bernama) -- Malaysia should take the opportunity to convince foreign investors to use the country as a base to penetrate the ASEAN market, says Economic Affairs Minister Mohamed Azmin Ali. He said ASEAN, with a population of nearly 650 million, is one of the largest markets. "Many large companies are looking for a location in the region to move to, and Malaysia has good investment opportunities,” he said when met by reporters here Tuesday. Mohamed Azmin said Malaysia’s good and diversified infrastructure, as well as skilled manpower, could attract more investment from abroad. He was asked to comment on reports saying that Malaysia’s economic growth is expected to moderate in the first quarter as growth in global consumption and demand slows down due to the US-China trade war. Economists polled by Reuters had reportedly projected the economy to expand at a median rate of 4.3 per cent in January-March, down from the 4.7 per cent recorded in the fourth quarter. -- BERNAMA