Tengku Zafrul: National Investment Council agrees Miti, agencies to focus on DDI

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KUALA LUMPUR, Aug 22 — The National Investment Council (MPN) meeting today agreed for the Ministry of Investment, Trade and Industry (Miti) and its related agencies to focus on...

KUALA LUMPUR, Aug 22 — The National Investment Council meeting today agreed for the Ministry of Investment, Trade and Industry and its related agencies to focus on domestic direct investment .

He said DDI which focused on sectors that contributed to the country’s development needed to be aligned with government-linked investment companies to provide local companies with investment opportunities and support.“Of course, they have their own governance but currently, there isn’t a clear process where we collaborate closely with GLICs to support our local companies in terms of FDI and DDI,” he told reporters after the MPN Meeting No 2/2023 at the Miti Tower here.

“The empowerment agenda of Mida as the lead agency of the IPAs and coordinated with other IPAs to facilitate investors’ journey.

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