COVID–19 NEWS   Four samples of positive COVID cases in Parliament most likely Delta variant - Health DG | COVID: Close contacts contribute highest daily cases in Sabah | MOH recommends to postpone all meetings in Parliament for two weeks - Health DG | Two new COVID-19 clusters surface in Sarawak | Two new COVID-19 clusters surface in Sarawak | 
BUSINESS

Malaysia remains key Asian destination for high-value manufacturing, global services -- Knight Frank

22/07/2021 03:19 PM

KUALA LUMPUR, July 22  -- Knight Frank Malaysia expects the country to remain an attractive destination for high-value manufacturing and global services in Asia.

In a statement today, the independent global property consultancy said the country recorded a total of RM80.6 billion worth of approved investments in the manufacturing, services and primary sectors in the first quarter of 2021, a surge of 95.6 per cent from the same period last year.

Its executive director of research and consultancy, Judy Ong said the pandemic has accelerated the e-commerce boom and it augurs well for the industrial property market. 

“The COVID-19 crisis has a silver lining for the logistics industry as the pandemic has created a need for warehouse space to cater to the surge in last-mile delivery and collection.

“With lockdowns and restrictive movements, there is a structural shift towards omnichannel retailing,” she said.

Moving forward, Ong said there has been a sustained interest in the logistics industry supported by strong demand for warehouse and distribution facilities.

However, she expects the industrial growth momentum, which was initially expected to continue into the second half of 2021 and beyond, would be derailed as Malaysia grapples with the current spike of COVID-19 infections.

Meanwhile, its executive director of capital markets, Allan Sim said In the manufacturing space, the company expects more interest surfacing in the electrical and electronics (E&E) sector driven by the global shortage of semiconductors as well as the 5G network roll-out.

“The E&E sector is amongst the top performers amongst key indices such as manufacturing output, export, as well as manufacturing sales. 

“We anticipate significant interests and growth potential in the E&E space moving forward, bolstered by the current global demand for sensors, semiconductor, solar, internet of things (IoT) products, as well as further investments into artificial intelligence and smart machines, among others, of the future,” he said. 

-- BERNAMA

 

 


Bernama is the trusted source of reliable real-time comprehensive and accurate news for both the public and media practitioners. Our news is published at www.bernama.com ; BERNAMA TV on: Astro Channel 502, unifi TV Channel 631, MYTV Channel 121 IFLIX; and Bernama Radio broadcasting locally on FM93.9 in Klang Valley, Johor (FM107.5), Kota Kinabalu (FM107.9) and Kuching (FM100.9).

Follow us on social media :
Facebook : @bernamaofficial, @bernamatv, @bernamaradio
Twitter : @bernama.com, @BernamaTV, @bernamaradio
Instagram : @bernamaofficial, @bernamatvofficial, @bernamaradioofficial
TikTok : @bernamaofficial

© 2021 BERNAMA   • Disclaimer   • Privacy Policy   • Security Policy