Enhancing Malaysia’s investment-friendly name

It is timely that the government plans to extend the tax incentives for manufacturing companies relocating their operations to Malaysia, initially announced under the National Economic Recovery Plan or Penjana. — Reuters

AS a developing nation, foreign direct investment (FDI) is expected to continue being an important growth contributor. Annual headline figures from the Statistics Department indicate a rebound since the pandemic.

However, Malaysia must not be complacent, given the macroeconomic headwinds from the prolonged Russia-Ukraine conflict, rising interest rates and the likelihood of a recession, among other factors.