US investment in Malaysia up sharply as trade row with China drags on

KUALA LUMPUR: Malaysia approved US investment worth US$5.62 billion in the first half of the year compared with US$113 million the previous year, the government said on Wednesday , a possible sign of a diversion of US business as a trade row with China drags on.

The Malaysian Investment Development Authority, which shared the data on foreign private investments with Reuters on Wednesday, declined to name any company but said global firms were increasingly attracted to Malaysia for its stable business and political climate.

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