Home / Knowledge / News / Investors reflect confidence in manufacturing sector
Investors reflect confidence in manufacturing sector
20
Feb '08
In the year 2007, Japanese investment in the Malaysian manufacturing sector amounted to RM6.5 billion compared to RM4.4 billion of 2006. This mounting trend reflects the increasing interests of foreign investors in the country.

Petrochemicals and petroleum products were among the most invested sectors of Malaysia.

Recently, a Malaysian Industrial Development Authority (MIDA) media conference on the performance of the manufacturing and services sectors in 2007 was held.

At the meeting, Datuk Seri Rafidah Aziz, International Trade and Industry Minister noted that, the existing Japanese companies in the country have also expressed their desire to invest RM5.4 billion showing their confidence in Malaysia as one of the most reliable overseas location for investment.

Economists said the 2007 figures indicated that Malaysia remained the most preferred investment destination despite stiff competition from China, Singapore, Vietnam and Thailand. But, it will be tough to maintain these levels given an anticipated retardation in global consumer demand.

The Malaysian Government has plans to intensify promotional trade activities, cut red tape, upgrade industrial infrastructure and further cut corporate tax from 26 percent this year to 25 percent in 2009 to remain competitive.

While Germany surfaced as the second largest source of foreign investments, the US marked an increase of 20 percent to reach RM 3 billion last year, compared to RM2.5 billion of 2006.

India also emerged as an important source of foreign direct investment as a result of two major accomplishments valued at RM2.9 billion. Textiles formed the core area for investment by Indian companies.

However, investments from Iran, Singapore, China, the Netherlands, Australia and South Korea also had its imprint on Malaysia's overall economic development.


Must ReadView All

Ethiopia’s Kombolcha Industrial Park attracts foreign firms

Apparel/Garments | On 15th Dec 2017

Ethiopia’s Kombolcha Industrial Park attracts foreign firms

Strategic location, modern factory facilities and proximity to the...

Courtesy: 2XU

Apparel/Garments | On 15th Dec 2017

L Catterton Asia announces JV of GXG and 2XU

L Catterton Asia, the Asian unit of the largest and most global...

15 trade associations urge nations to safeguard WTO system

Apparel/Garments | On 15th Dec 2017

15 trade associations urge nations to safeguard WTO system

Fifteen trade and industry associations from across the world have...

Interviews View All

Giovanni Pizzamiglio, Paolo Crespi & Riccardo Robustelli
Epson, For.Tex & F.lli Robustelli

‘The percentage share of printing in the global textile market is pretty...

Sonia Agarwal
Whitenife

‘The terms eco-friendly and organic are common but everyone perceives them ...

Luke Otten
Wigwam Mills Inc

Wigwam aims to recycle discarded yarn that doesn’t make it through the...

Harsh Shah

Established in 1956 with a small beginning, Embee today manufactures a...

Urmil Arya

Sushila International, a well established textile organisation established ...

Harmeet Singh

New Delhi-based Jogindra Industries Private Limited provides an assortment ...

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

December 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
69.6%
No
12.0%
Skip
18.5%

Total Votes: 92

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
62.0%
No
30.4%
Skip
7.6%

Total Votes: 92

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
87.0%
No
9.8%
Skip
3.3%

Total Votes: 92

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
81.5%
No
8.7%
Skip
9.8%

Total Votes: 92


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search