Focused efforts needed to attract quality FDIs to Malaysia

KUALA LUMPUR: To help boost Malaysia’s economic growth and income, more focused and targeted promotional efforts are needed to attract quality foreign direct investments (FDIs) from small and medium enterprises (SMEs) of new emerging sectors as well as high-technology and skills-intensive industries.

In the wake of falling government revenues from crude oil and oil-related exports following the plunge in global crude oil prices, there is now an urgent need to expand and diversify income from commodity-based resources to new areas of growth.