PETALING JAYA: Approved foreign direct investment (FDI) for all sectors skyrocketed in the first quarter of 2019, rising 73.4% to RM29.3bil. This compares to the RM16.9bil in approved FDI recorded during the same period last year, the Finance Ministry said. The investments recorded in the first quarter are expected to create over 41,200 jobs for […]
Read MorePUTRAJAYA: Malaysia will welcome any investments from abroad – especially from Japan – that will raise the skills and wages of Malaysian workers. Finance Minister Lim Guan Eng said such investments would improve the competitiveness of the Malaysian economy through the application of new technology. Lim Guan Eng Speaking at the shareholders’ agreement signing ceremony […]
Read MoreKUALA LUMPUR: Malaysian palm oil futures fell by more than 2% on Wednesday to hit their lowest levels in a month, triggered by weakness in U.S. soyoil prices on the Chicago Board of Trade. Palm oil prices had were earlier traded within a range, with the competing forces of expectations for bullish industry data and weakness in soyoil and crude […]
Read MoreKUALA LUMPUR: Approved foreign direct investment (FDI) in the first quarter of 2019 surged by 73.4% to RM29.30bil from RM16.90bil a year ago, Finance Minister Lim Guan Eng said. He said on Thursday the increase was underpinned by a 127% manufacturing investment, which surged to RM20.2bil, compared with RM8.9bil a year ago. “Out of the […]
Read MoreKUALA LUMPUR: The crude palm oil (CPO) price is likely to trend higher in the second half of 2019 (2H19) as the weak price for the first quarter was dragged down by the huge brought forward stockpile, says Maybank Investment Bank. The investment bank which set a neutral call on the plantation sector said companies […]
Read MoreKUALA LUMPUR: Malaysia’s inclusion in the US Treasury’s watchlist of potential currency manipulator shows the country’s competitiveness and economic strength, Finance Minister Lim Guan Eng said. He said on Thursday the US Treasury did not name Malaysia as a currency manipulator under the expanded monitoring list issued the previous day. “Malaysia is an open economy […]
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