Investment, Trade, and Industry Minister Tengku Datuk Seri Zafrul Abdul Aziz - BERNAMA
While trade tensions between the US and China are bringing more investments to Southeast Asia, including Malaysia, worries over slower global growth and higher costs loom, according to Malaysia’s trade and investment chief.
In the short term, US, European and even Asian companies based in China have been looking to relocate their supply chains or open new plants in Southeast Asia, Malaysia’s Trade and Investment Minister Tengku Datuk Seri Zafrul Abdul Aziz told Bloomberg Television’s Lisa Abramovicz on Thursday in Lima, Peru. That has led to higher investments into the region and into Malaysia, he said.
