RM81.9b worth of foreign investment projects identified in manufacturing and services sectors, says Mida amid criticism of falling FDI | Malay Mail

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RM81.9b worth of foreign investment projects identified in manufacturing and services sectors, says Mida amid criticism of falling FDI

Earlier this week, the United Nations Commission on Trade and Development reported that the inflow of FDI into Malaysia dropped by 68 per cent to US$2.5 billion last year. — Picture by Hari Anggara

“These projects, once approved, are expected to be implemented within the year 2021 to 2022,” it said in a statement today.challenging and highly competitive. As such, accelerating investments is a key priority inMida stressed that measures to facilitate investors and improve their experience will be continued.

Mida also pointed towards the National Economic Recovery Plan where the government introduced several tax incentives to spur investment activity, including a 10- to 15-year tax exemption for new FDI in the manufacturing sector with a capital investment of RM300 million or more.

 

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