LATEST NEWS   IOI Properties proposes to establish IOIPG Malaysia REIT, which comprises retail, offices and hotel properties worth RM7.58 bln | APAD revokes the operator licence of MFG Barokah Enterprise following the crash in Gemas Baharu, Johor, which claimed three lives | The govt is warning corporates to stop channel switching activities and instead buy fuel at market prices, or they will face enforcement action -- Amir Hamzah | Global energy crisis: Moves to maintain targeted diesel subsidies ensure critical sectors like fishing, public transport can enjoy diesel at controlled prices - Amir Hamzah | Low supply, high demand, security threat, soaring delivery costs have caused global oil prices to rise sharply - Amir Hamzah | 
BUSINESS • 14/10/2024 11:00 PM

RM17.9 Bln Investments From China Approved From 2023 Until 1H2024 - MITI

KUALA LUMPUR, Oct 14 (Bernama) -- The Investment, Trade and Industry Ministry (MITI) and the Malaysian Investment Development Authority (MIDA) are supervising investments of RM17.9 billion from China approved in the manufacturing sector from 2023 to the first half of 2024.

These investments involve 110 approved projects and will generate 14,343 job opportunities, MITI said on Parliament's website today in response to Roslan Hashim (PN-Kulim Bandar Baharu) who asked MITI the amount of investment realised from the estimated RM170 billion investments in the trade and investment mission (TIM) to China last year, along with investment details.

"Of the total, 54 projects (49.1 per cent) with an investment of RM3.8 billion have been realised, creating 5,303 jobs.

"This is an encouraging achievement considering that the implementation of approved manufacturing projects usually takes 18 to 24 months to be realised, depending on the project’s scale and the current economic situation," he said.

-- BERNAMA

 

 

More News

Categories

Tags