A better global economic environment and potentially higher investments from small- and medium-sized enterprises (SMEs) could lead to an increase in investments in
Malaysia this year.
With the improving external economy, along with the government’s move to encourage SME participation, “investments from domestic and foreign sources into Malaysia’s manufacturing and related services are expected to be maintained at high levels in 2004,” said the Ministry of International Trade and Industry (Miti)
Malaysia received RM5.6 billion of manufacturing investment applications between January and April this year, and approved RM4.4 billion worth of investments, according
to the data released by Miti.
The figures were down 58 per cent and 26.1 per cent respectively from the previous year’s levels. In the month of April, however, the trend reversed. Manufacturing applications and approvals rose by 21.4 per cent and 16.2 per cent from the same month a
year before...
