KUALA LUMPUR: A total of eight oleochemical projects worth RM13.8bil were approved between January and May, sharply higher than the RM482mil for four such projects that had been invested into the palm oil downstream sector for the whole of last year.
Malaysian Investment Development Authority (Mida) CEO Datuk Azman Mahmud said the projects this year were led by foreign investments totalling RM7.6bil while domestic investments amounted to RM6.2bil.
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