Tengku Zafrul: Malaysia expects higher approved investments this year, beating last year's record

"We are forecasting growth this year to be around 5% of total trade,” Tengku Zafrul said.

KUALA LUMPUR: Malaysia is confident of achieving higher approved investments in 2024 after recording an all-time high of RM329.5 billion last year.

Minister of Investment, Trade and Industry Tengku Datuk Seri Zafrul Abdul Aziz said the ministry is yet to finalise the target figure, adding that "we will finetune the target but (expect a) minimum of 8 to 10 per cent growth in approved investments”.