MALAYSIA’S game plan to attract investments has taken a new shape, as the government places greater emphasis on luring investments in advanced technology and capital intensive industries.
With the global economy heading towards a synchronised slowdown and global foreign direct investments hitting the lowest levels in 10 years, it is becoming increasingly challenging to attract investments.
Hence, it is crucial for Malaysia to step up its game in positioning itself as a high potential investment hub in Asia. The government understands this very well and it has assured that adequate efforts are being undertaken to raise investors’ confidence in Malaysia.
It seems that the efforts have begun to bear fruit.
In 2018, a total of 81 capital intensive projects with investments of RM100mil or more were approved by the government, based on the recent data by the Malaysian Investment Development Authority (Mida).
In comparison to 2017, the number of capital intensive projects have improved substantially by over 43% year-on-year.