Push needed to attract FDI, says Asean-BAC

Chairman Tan Sri Dr Mohd Munir Abdul Majid (pic) said Malaysia remained an attractive destination for FDI despite the many challenges that the country currently faced.

PETALING JAYA: Malaysia needs to push for progress in attracting foreign direct investment (FDI), particularly investors from the European Union (EU), the Asean Business Advisory Council (Asean-BAC) Malaysia said.

The council said a consultation meeting with members of its joint business councils and foreign business councils yesterday concluded that the time now was suitable to restart talks for an EU-Malaysia free trade agreement (FTA).