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Govt taking proactive steps to increase FDI

Last update: 06/08/2018

KUALA LUMPUR, August 6 (Bernama) -- The government will continue to take proactive measures to increase foreign direct investments (FDI) by giving more attention to high-quality investments which can stimulate the economy.

Deputy International Trade and Industry Minister Dr Ong Kian Ming said as a country moving towards developed nation status, focus would be given to high-quality and high-technology investments, as well as reducing the dependency on foreign labour. 

Meanwhile, he said only a low level of FDI outflows were recorded since May.

“From May-June, three FDI projects amounting to RM16.4 million from the manufacturing sector were closed, stopped or relocated.....


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