Malaysia eyes for new investment sources
KUALA LUMPUR, Feb. 2 (Xinhua) -- The Malaysian government will beef up promotion efforts to lure investments from China tag heuer replica and India as the contribution of foreign direct investments (FDI) from traditional sources has fallen.
The Star, a local daily, quoted Malaysian International Trade and Industry Minister Mustapa Mohamed here on Tuesday as saying that Malaysia was diversifying its FDI sources.
In that regards, efforts would be made to promote investments from emerging economies such as China and India, said the minister.
Malaysia used to source FDI from the more advanced countries such as the United States, Singapore and Germany, but the total FDIs from these countries has fallen following the financial crisis that swept across the globe.
rolex replica Mustapa pointed out that despite the economic turmoil, investments from China, South Korea and Japan showed an increase in 2009 compared
embroidered patches with 2008.
Besides the reduced FDI flows, Mustapa also attributed the drop in FDIs coming into Malaysia to the shift in economic priorities as the Malaysian government was promoting high-technology and knowledge- based industries.
Prior to the shift, Malaysia focused much on the low-technology and labor-intensive industries.
Mustapa said task forces would go abroad to entice companies with expertise in the growth areas the Malaysian government was focusing by offering them customized incentives.
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