Malaysia, China in RM6bil FDI deal


KUALA LUMPUR: Malaysia will collaborate in a joint venture with Chinese state-owned companies to produce palm oil products in Malaysia involving an estimated RM6bil in foreign direct investments (FDI), says Datuk Seri Ismail Sabri Yaakob.

The Prime Minister said the Federal Government would continue to encourage FDI in a bid to diversify agricommodity products with high added value.

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