Head Topics

Stronger approved investments in 2H likely

  • 📰 staronline
  • ⏱ Reading Time:
  • 45 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 21%
  • Publisher: 75%

Malaysia Headlines News

Malaysia Latest News,Malaysia Headlines

KUALA LUMPUR: The government expects approved investment to record stronger growth in the second half of 2023 (2H23), on track to hit its annual target, after achieving RM132.6bil worth of approved investment in 1H23.

“I am pleased with our achievement in 1H23, securing RM132.6bil, representing 60.3% of our annual target.

This involved 2,651 projects which are expected to create 51,853 job opportunities in the country, Bernama reported. He said the country managed to attract approximately a similar amount of approved investments in 1H23 year-on-year, reflecting confidence in its economic growth prospects despite global demand slowdown and a higher interest rate environment in key markets.

“As various global supply chains shift to Asia, our key aim is to position the country as a regional hub for both international companies and entrepreneurs seeking to expand their footprint in Asia. Tengku Zafrul said the government’s commitment to ensure quality housing for the people has been a major factor in this growth.

The country’s source of FDI are Singapore with approved investments totalling RM13.7bil, Japan , the Netherlands , China and British Virgin Islands , he added.

Source: News Formal (newsformal.com)

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 4. in MY

Malaysia Latest News, Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Suhaizan Kayat to be sworn in as new Pulai MP on Sept 19KUALA LUMPUR: Suhaizan Kayat will be sworn in as the Pulai MP on Tuesday (Sept 19).
Source: staronline - 🏆 4. / 75 Read more »

Tok Mat: Boustead Holdings’ plantation unit share disposal necessary for debt settlementKUALA LUMPUR, Sept 18 — Boustead Holdings Bhd’s (Boustead) move to dispose of a 33 per cent stake in Boustead Plantations Bhd (BPlant) to Kuala Lumpur Kepong Bhd (KLK) was...
Source: malaymail - 🏆 1. / 86 Read more »

Nearly 7,000 summonses issued in Respect Traffic Laws OpsKUALA LUMPUR: 6,964 summonses were issued on Monday (Sept 18) during the Respect Traffic Laws operation.
Source: staronline - 🏆 4. / 75 Read more »

Safe practices at construction sitesFrom LAI YOU HENG of Kuala Lumpur.
Source: staronline - 🏆 4. / 75 Read more »

KL crime index dropped by 10% in first eight months of 2023KUALA LUMPUR: The crime index for Kuala Lumpur showed a reduction of 10.3% between Jan 1 and Aug 31 compared to the corresponding period last year.
Source: staronline - 🏆 4. / 75 Read more »

Tragedi banjir lumpur Pos Dipang 1996 masih dikenangIPOH: Melihat seorang ahli ke­luarga yang menunggu masa untuk melahirkan anak terkorban dengan separuh badan bayinya terkeluar dari rahim menjadi antara peristiwa paling menyedihkan bagi Alang Bah Ayunyang.
Source: UMonline - 🏆 27. / 51 Read more »