The upward trend of COVID 19 infections has caused a global economic upheaval across every level of societies. Governments worldwide are intensifying efforts to curb the infection with an ultimate objective to restore their economies amidst the health care of their people. The challenge remains to recharge the performance of the economic sectors to the pre pandemic era.
“In Malaysia, as we continue the battle against the COVID 19 pandemic, the country remains a primary investment destination and strategic gateway for investors. The country is steadfast in providing investors with modern day requirements and equipment. Its persistence towards engaging emerging technologies proves to be a great advantage to manufacturers in the country The unique value propositions as a high tech investment and global operations hub will entice a sustainable stream of quality investment activities in the country.” said YB Dato’ Seri Mohamed Azmin Ali Senior Minister and Minister of International Trade and Industry.
“With our pro business, prudent and pragmatic policies, Malaysia serve s as the ideal partner for investors to do business in the region. The Government through MIDA will lend its expertise in executing the on going reform initiatives as well as the newly developed blueprints and policies, to enhance the country’s competitiveness, promoting investments and accelerating national economic development in line with the National Investment Aspirations (NIA).” added the Senior Minister.
As of March 2021 MIDA has in the pipeline, 988 projects with proposed investments of RM 54.4 billion in the manufacturing and services sectors Malaysia’s economy is expected to bounce this year with a GDP projection ranging between 6.3 per cent and 7.5 per cent based on the projection by International Monetary Fund World Bank and S&P Global Ratings, positioning the country to be the fastest growing among the ASEAN-5 countries. More at MIDA
