Malaysia remains a competitive investment destination

Malaysian Investment Development Authority (Mida).Chief executive officer Datuk Azman Mahmud (pic) said investments approved in the manufacturing sector from January to September 2020 saw an increase of 16.6% in capital investments, up from 3.2% recorded in the corresponding period of 2019.

KUALA LUMPUR: Malaysia continues to be a competitive investment destination despite the global uncertainties, with US$26.4bil investments being approved in the first nine months of 2020, according to the Malaysian Investment Development Authority (Mida).

Chief executive officer Datuk Azman Mahmud said investments approved in the manufacturing sector from January to September 2020 saw an increase of 16.6% in capital investments, up from 3.2% recorded in the corresponding period of 2019.