US companies pledge US$100b investment in Malaysia in 18 months, says ambassador

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KUALA LUMPUR, Aug 21 — United States (US) companies have made investment pledges totalling US$100 billion (RM465 billion) in various sectors in Malaysia over the last 18...

KUALA LUMPUR, Aug 21 — United States companies have made investment pledges totalling US$100 billion in various sectors in Malaysia over the last 18 months, US Ambassador to Malaysia Brian McFeeters said.

“US investments are really coming strong into Malaysia and that is good for the US because we found out during the Covid-19 pandemic that Malaysia is a key part of the world’s supply chain. He added that most US companies that have invested in Malaysia have also gained the benefits from latest technologies coming into the country.

He also highlighted that Malaysia has agreed to host the Indo-Pacific Economic Framework negotiation round which will be held in October this year to discuss ways of creating a clean economy with renewable energy .

 

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