Domestic investments to grow 40%, says Minister
February 5, 2010 by: editor
Malaysia’s International Trade and Industry Minister, Mustapa Mohamed, says, that domestic investments are expected to increase by 40 percent this year, from 32.2 percent in 2009.
Last year, almost 70 per cent of investments approved by the Malaysian Industrial Development Authority (MIDA) were from abroad, says the Minister. “This year we want to increase internal investments to strike a balance between domestic and foreign investments,” he said at a media briefing.
He added that attractive incentive packages for local investors would be provided and that the government wants private investors to play a major role in creating new business and job opportunities
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