Japanese companies in Malaysia pledge to expand investments, says PM

Japanese companies in Malaysia pledge to expand investments, says PM

05 Nov 2023

Japanese companies in Malaysia have pledged to enhance and broaden their investments and development in the country.

Prime Minister Datuk Seri Anwar Ibrahim who received a courtesy call from his counterpart Fumio Kishida today said, Japan had greatly contributed to our initial phase of industry development.

“Japan had contributed on our initial phase of industry development and this year we have commitment of Foreign Direct Investment from Japan that exceeds RM30 billion or US$6.33 billion.

“This is very impressive from companies that are already investing in Malaysia who without exception made this commitment with the ambassador present that they all had committed themselves to increase, extend and expand their development into Malaysia.

“Of course through the Ministry of International Trade and Industry (MITI), the minister has alerted me that there are new investments into Malaysia this year,” he said.

Anwar and Kishida today had a lengthy meeting to discuss bilateral relations, especially in the fields of trade and investment, education, defence, environment and energy security, as well as information and communication.

Source: NST