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KUALA LUMPUR: Malaysia has approved investments worth RM709.7mil for 37 projects in the machinery and equipment (M&E) sector in the first half (H1) of 2017, compared with RM660mil for 35 projects in the same period last year.
THE Malaysian economy is expected to moderate between 5% and 6% this year, consistent with the softening of global demand, particularly from the United States, the European Union, China and Japan, and anticipated slowdown in global demand for electronics.
The Government has identified seven categories in the machinery and equipment sector for special incentives so as to encourage their local manufacture, Deputy International Trade and Industry Minister Datuk Mah Siew Keong said.