PMO: Malaysia pledges to further create attractive investment destination | Malay Mail

Monday, 14 Sep 2020 05:39 PM MYT

The Prime Minister’s Office , in a statement today, said the government will also continue with its efforts to make Malaysia the most attractive investment destination in South-east Asia and constantly encourage existing investors to re-invest in the country. “With this multibillion investment, Infineon has, indeed, paved the way to expedite the semiconductor sector to move up the value chain towards higher-margin processes such as the Packaged Integrated Circuit,” the statement said.

Last year, the manufacturing sector continues to be the key driver of the supply side of the Malaysian economy, with a combination share of 22.3 per cent.

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