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RM58b investment target for 2020 achievable, says EAC | Malay Mail

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SEPANG, Sept 3 — This year’s target of investments worth RM58 billion is achievable based on investors’ confidence in resuming their business operations in the country, says Economic Action Council (EAC) executive director Tan Sri Noor Azlan Ghazali. He said Malaysian Investment Development...

Sectors that have gradually recovered include electrical and electronics, food manufacturing, machines and equipment, transport and metal fabrication, noted EAC executive director Tan Sri Noor Azlan Ghazali. — Picture by Choo Choy May

He said Malaysian Investment Development Authority data shows Malaysia has achieved 60 per cent of the target to date. “Confidence that investors in the manufacturing and production sector will return to resume their activities after the Covid-19 pandemic has contributed to the nation’s economic recovery,” he told reporters after a working visit to Sepang Aircraft Engineering Sdn Bhd and Airbus Malaysia Customer Services Sdn Bhd today.

The sector’s transformation to automation and digitalisation would ensure it remains relevant, he said.

 

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