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Tengku Zafrul says Putrajaya confident about realising RM170b worth of investment pledge from China

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KUALA LUMPUR, Oct 31 — The Malaysian government is confident in realising the RM170 billion investment pledge from China, which Prime Minister Datuk Seri Anwar Ibrahim announced...

PM Anwar confirms Nazri called up by Washington over Putrajaya's Palestine stance, notice sent by US Embassy to Wisma PutraInvestment, Trade and Industry Minister Datuk Seri Tengku Zafrul Tengku Abdul Aziz said an investment commitment means agreeing to invest in Malaysia.

“The next step is that the company will apply for investment approval from the Malaysian Investment Development Authority . “After approval, for small investments, it may take a year to see results. If it is a large investment that requires advanced technology and equipment, it may take up to three years to start realising it,” he said.

“This JTPPP reports to the National Investment Council, which is chaired by the prime minister. The council meets monthly to discuss the progress of all investment commitments.

 

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