Malaysia expects Investment growth momentum to continue in 2024

  • 📰 theSundaily
  • ⏱ Reading Time:
  • 36 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 18%
  • Publisher: 51%

Hayatun Razak News

Business Business Latest News,Business Business Headlines

KUALA LUMPUR: Malaysia is optimistic that its investment growth momentum will continue in 2024 despite external challenges, said Investment, Trade and...

Tengku Zafrul launching the Centralised Sustainability Intelligence Solution at Bursa Malaysia. Also present are, from left, Malaysian Investment Development Authority CEO Sikh Shamsul Ibrahim Sikh Abdul Majid, Bursa Malaysia CEO Datuk Muhamad Umar Swift, Bursa Malaysia chairman Tan Sri Abdul Wahid Omar and Investment, Trade and Industry Ministry Secretary General Datuk Hairil Yahri Yaacob.

“So we are on the right track. We can see that our exports to Asean and the US rose by double digits in May. In terms of exports, 85% are from the manufacturing sector, especially the electronics and electrical sector,” he told reporters after the launch of the Centralised Sustainability Intelligence Solution at Bursa Malaysia here on Friday.

Tengku Zafrul said the main sectors contributing to the approved investments are: manufacturing sector 51.3% , services sector 47% and the primary sector 1.7% .Austria topped the list of foreign investors by a very wide margin, with RM30.1 billion in approved investments, followed by Singapore , the Netherlands , China and the United States .

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 25. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

TechNave Business Bytes Week 5 May 2024: AI, Data Centers, TM Q1 2024, Xiaomi Q1 2024, E-Invoicing Drive Growth in Tech Industry and moreTechNave Business Bytes Week 5 May 2024: AI, Data Centers, TM Q1 2024, Xiaomi Q1 2024, E-Invoicing Drive Growth in Tech Industry and more
Source: technavemy - 🏆 6. / 68 Read more »

Bread & Kaya: Impact of the Cyber Security Bill 2024 on the Cybersecurity Industry in MalaysiaPowers of Chief Executive in Sect 10, 14 widely worded, may be subject to abuse Paramount any legislative measure implemented does not inadvertently impede innovation On 3 April 2024, the Cyber Security Bill 2024 (hereinafter referred to as the Bill or Act) was passed by Parliament.
Source: DNewsAsia - 🏆 23. / 51 Read more »