Saturday, September 10, 2011

Malaysia's foreign investments steady

KUALA LUMPUR: Foreign direct investment inflows into Malaysia have been holding up, despite the global economic uncertainty.

For the first half of this year, foreign direct investment rose by 76 per cent on-year to 21.3 billion ringgit (more than US$9 billion ).

That is being supported by the economic transformation programme crafted by Malaysian Prime Minister Najib Razak.

When delivering the latest progress update on the government's ambitious economic transformation programme, PM Najib was all smiles.

He unveiled eight new initiatives from covering palm oil, retail and communications to electrical and electronics.

Source : MediaCorp Pte Ltd by Melissa Goh

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