Trade Minister: Malaysia seeking investment in hi-tech. Open Gov. (2021)
Abstract
Malaysia’s International Trade and Industry Minister stated that other countries in the region seem to be attracting more investments because they are accepting “labour-intensive” ventures. The Minister who has already said that Malaysia was being “selective,” said the country cannot afford to accept investments like other countries with larger populations.
Speaking during a question-and-answer session after officiating the Malaysia Prihatin Programme in Shah Alam recently, he said Malaysia wanted to attract high-tech investments. He noted previously that Malaysia had to be “more selective” in accepting foreign investments to reduce dependency on foreign labour.
The Minister also said the Malaysia Digital Economy Blueprint, announced last month, showed that the government had conditionally approved plans from large cloud service providers. The government expects these ventures to bring in RM12-RM15 billion in revenue over the next five years.
| Item Type: | Article |
|---|---|
| Keywords: | Business Planning, Digital Business, Digital Economy Blueprint |
| Taxonomy: | By Subject > Business & Management > Economics |
| Local Content Hub: | Subjects > Business & Management |
| Depositing User: | Ilya Nur Fateen Othman |
| Date Deposited: | 01 Aug 2021 14:06 |
| Last Modified: | 01 Aug 2021 14:06 |
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