Services, manufacturing contribute bulk of RM160bil investments in first half of 2024 - Tengku Zafrul

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KUALA LUMPUR: Malaysia has demonstrated its resilience and continued appeal to investors amid the global economic uncertainty by attracting a substantial 18 per cent year-on-year increase in approved investments to RM160 billion across the services, manufacturing, and primary sectors from January to June 2024 (1H 2024).

"The 1H 2024 approved investment figures reflect how investors appreciate Malaysia’s clear policies that provide a conducive landscape for companies to thrive.

He said Asean is forecast to grow at 4.6 per cent in 2024 and 4.7 per cent in 2025 on solid improvement in both domestic and external demand, and Malaysia is determined to capture this growth.

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Article Details

Category: EconomyBusiness

Markets: MalaysiaAustriaChinaNetherlandsSingaporeTaiwan

Topics: Investment /Business/Business News MIDA Tengku Zafrul MITI

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-04 @ 14:07:00 (8 hours ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Article Length: 556 words

Reading Time: 4 minutes read

Sentences: 19 lines

Sentence Length: 30 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © The Star

News ID: 22363839

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