ID :
99921
Thu, 01/14/2010 - 07:53
Auther :
Shortlink :
https://oananews.org//node/99921
The shortlink copeid
M'SIA TO WOO MORE FDIs FROM CHINA THIS YEAR
KUALA LUMPUR, Jan 13 (Bernama) -- Taking the cue from the gradual global economic recovery, Malaysia will galvanise efforts to woo more foreign direct investments (FDIs) this year, says International Trade and Industry Deputy Minister Mukhriz Mahathir.
To realise the goal, he said, the government was looking towards attracting
more Chinese investors to invest in Malaysia and use the country as the base to
add value for their export-driven products.
"I am optimistic and have a good feeling about this year," he told
reporters after a dialogue with Malaysian entrepreneurs at the Malaysian
External Trade Development Corporation (Matarde) briefing and consultation 2010.
Mukhriz said Malaysia could see inflow of more FDIs this year, judging from
improved investor confidence, coupled with the services sector's expansion
prospects.
"The services sector propels economic growth, brings in technology, create
jobs
and provides new opportunities for joint ventures between foreign and domestic
service business providers," he said, adding: "Malaysia is also looking at
wooing investors from Japan, the United
States and Middle East."
Mukhriz said Malaysia was on track to clinch the targeted RM20 billion
(about US$5.97 billion) FDIs for 2009.
Between January and September 2009, the country earned FDIs totalling
RM12.6 billion (about US$3.76 billion) as compared with RM62.8 billion (about
US$18.7 billion) in 2008, he said.
Earlier, in his speech, Mukhriz said Southeast Asian countries are projected
to remain as among the fastest-growing economic regions worldwide despite
sluggish
growth due to rising wages, increasing global competition and market volatility.
He said the countries in this region would continue to attract FDIs as
foreign
investors were eager to capitalise on new opportunities in the clean and
renewable energy sector, telecommunications Industries, manufacturing
sophisticated goods and agricultural products.
Malaysian companies should also continue to upgrade their products and
services to remain competitive at regional and global arena, he said.
"Compliance with international quality standards and accreditations is
among the criteria Malaysian companies should observe and act upon to
remain relevant globally as it also complements our national policy," he added.
Matrade Chief Executive Officer Noharuddin Nordin was present at the
event.
-- BERNAMA
To realise the goal, he said, the government was looking towards attracting
more Chinese investors to invest in Malaysia and use the country as the base to
add value for their export-driven products.
"I am optimistic and have a good feeling about this year," he told
reporters after a dialogue with Malaysian entrepreneurs at the Malaysian
External Trade Development Corporation (Matarde) briefing and consultation 2010.
Mukhriz said Malaysia could see inflow of more FDIs this year, judging from
improved investor confidence, coupled with the services sector's expansion
prospects.
"The services sector propels economic growth, brings in technology, create
jobs
and provides new opportunities for joint ventures between foreign and domestic
service business providers," he said, adding: "Malaysia is also looking at
wooing investors from Japan, the United
States and Middle East."
Mukhriz said Malaysia was on track to clinch the targeted RM20 billion
(about US$5.97 billion) FDIs for 2009.
Between January and September 2009, the country earned FDIs totalling
RM12.6 billion (about US$3.76 billion) as compared with RM62.8 billion (about
US$18.7 billion) in 2008, he said.
Earlier, in his speech, Mukhriz said Southeast Asian countries are projected
to remain as among the fastest-growing economic regions worldwide despite
sluggish
growth due to rising wages, increasing global competition and market volatility.
He said the countries in this region would continue to attract FDIs as
foreign
investors were eager to capitalise on new opportunities in the clean and
renewable energy sector, telecommunications Industries, manufacturing
sophisticated goods and agricultural products.
Malaysian companies should also continue to upgrade their products and
services to remain competitive at regional and global arena, he said.
"Compliance with international quality standards and accreditations is
among the criteria Malaysian companies should observe and act upon to
remain relevant globally as it also complements our national policy," he added.
Matrade Chief Executive Officer Noharuddin Nordin was present at the
event.
-- BERNAMA
