InvestKL attracts RM1.68 billion investments in first half 2022
27 Jul 2022 07:07pm
InvestKL, an agency under MITI says the investments included six well-known multinational corporations (MNCs) from the US, the UK, China, and Australia.
In a statement today, InvestKL, an agency under the Ministry of International Trade and Industry (MITI) said the investments included six well-known multinational corporations (MNCs) from the US, the UK, China, and Australia.
"These companies cover various industries such as food, technology, software development and pharmaceutical,” it said.
Chief executive officer Muhammad Azmi Zulkifli said major trade deals like the Regional Comprehensive Economic Partnership (RCEP) which just came into force earlier this year, as well as Malaysia's aim to ratify the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) in 2022, had held excellent promise for investors.
"These major trade deals hold excellent promise as they will make Malaysia more attractive for companies seeking to diversify their supply chains and widen market access for goods and services as well as digital products,” he said.
Moving forward, Azmi said Malaysia needs to nurture more professionals such as big data engineers, cybersecurity experts and accountants to meet growing investors’ demand, as this will support the country’s objective of attracting high-value, high-technology and high-growth companies, in line with the National Investment Aspiration (NIA) aims at balancing economic development with environmental sustainability.
In addition, he said greater emphasis must be given to the environmental, social and governance (ESG) agenda to further enhance the readiness of the country’s ecosystem and infrastructure in embracing sustainable development.
"We must keep ourselves at the forefront of ESG while capturing emerging opportunities in the shift towards a greener planet, as renewable energy offers huge potential, and Malaysia needs to accelerate on this front to remain competitive," he said. - Bernama
For the week just ended, the ringgit was traded mostly lower before rebounding at the end of the week. - Photo by 123RF
The MoU involving an offer of RM25 million in entrepreneur financing over a two-year period was signed by PKNS chief executive officer (CEO) Datuk Mahmud Abbas while Agrobank was represented by its president and CEO Datuk Tengku Ahmad Badli Shah Raja Hussin - FILE PIX