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Investment minister says Malaysia hit 60pc of target for 2023 by July

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KUALA LUMPUR, Oct 11 — Malaysia has achieved 60.3 per cent of its target for investments for 2023 within the first half of the year, Investment, Trade and Industry Minister Datuk...

Trial: Bank Negara analyst stands by 1MDB’s US$20m trail to Najib even without Prince Faisal’s Saudi bank statementInvestment, Trade and Industry Minister Datuk Seri Tengku Zafrul Abdul Aziz says Malaysia has achieved 60.3 per cent of its target for investments for 2023 within the first half of the year. — Picture by Yusof Mat IsaKUALA LUMPUR, Oct 11 — Malaysia has achieved 60.

“The target for investments for the year 2023 is RM220 billion and the country has achieved 60.3 per cent of it by June 2023 with approved investments of as much as RM132.6 billion,” he said in a written parliamentary reply to backbencher Kepong MP Lim Lip Eng yesterday. He listed the 10 countries as: Singapore, Japan, Netherlands, China, the British Virgin Islands, Hong Kong, South Korea, the United States, Italy and Seychelles.He said that these investments were concentrated in five states: Kuala Lumpur , Kedah , Selangor , Johor , and Sarawak .

Tengku Zafrul was responding to a question from Lim regarding the 10 highest FDIs approved this year and their locations as well as the total investment target for 2023.

 

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Malaysia passes 60% of RM220bil investment target for 2023Kuala Lumpur recorded the highest amount of investments with RM16.2 billion, followed by Kedah and Selangor, between January and June.
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