Govt’s investment-friendly approach builds confidence, says Malaysia Semiconductor Industry Association

KUALA LUMPUR, Aug 27 — Malaysia is expected to receive more investments going forward, supported by investors’ confidence in the Madani Economy framework and from offshoots from existing investments, said Malaysia Semiconductor Industry Association .

“US companies did expand its footprint in Malaysia. We have companies like Intel Corp. We also have new companies coming in. So, investors are confident about Malaysia but we want quality investments,” he told Bernama. McFeeters said US investments are coming strongly into Malaysia after discovering that Malaysia is a key part of the world’s supply chain during the Covid-19 pandemic.

He said the government would continue to streamline processes and monitor and track these investment processes closely and in real time through a project management and delivery unit within the ministry . “Therefore, forging economic alliances with various should signify Malaysia’s commitment to remain open to foreign direct investments ,” he said.

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