KLSE (MYR): PENTA (7160)
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alfred
89 posts
Posted by alfred > 2020-11-21 12:38 | Report Abuse
Malaysia welcomes investments from China’s high technology, knowledge and capital intensive ventures, as such investments are instrumental in driving economic reformation amidst the Covid-19 pandemic, said the Malaysian Investment Development Authority (MIDA).
The agency noted that in the first nine months of 2020, China had invested RM16.8 billion in Malaysia’s manufacturing sector, involving 58 manufacturing projects.It added that the country remains as one of Malaysia's largest trading partners and is one of the country’s top foreign direct investment source.Meanwhile, MIDA said the agency, together with the Ministry of International Trade and Industry (MITI), had successfully organised the “Malaysia-China Business Forum: New Normal, New Opportunities” on Nov 18.