: Selangor is optimistic to receive an increase in investment following the reopening of China’s borders on Jan 8, despite Malaysia expected to face economic headwinds this year.
said Southeast Asia is still the focus of foreign investors who uses the region as a transit, especially from China, due to the United States-China trade war. In the meantime, Teng said the state government has drawn up various programmes and incentives in the face of economic uncertainty such as the implementation of the First Selangor Plan 2021-2025.
“For that reason, Menteri Besar Datuk Seri Amirudin Shari, during the Selangor Budget 2023 presentation, had set the target of RS-1 being able to contribute about 30 per cent to the national gross domestic product compared to 24.8 per cent last year,” he said.