By Datuk Mustapa Mohamed…
LAST year, Malaysia’s approved investments continued on a sharp recovery trend with total approved investments in the manufacturing sector recording a value of RM56.1bil compared with RM47.2bil in 2010.
Penang, Selangor, Sarawak and Johor topped the table with RM9.1bil, RM8.7bil, RM8.5bil and RM6.6bil, respectively. Penang has consistently been among the top investment destinations over the last four decades.The island state is a manifestation of the success of Malaysia’s evolution from a primary-based to a highly industrialised economy.
The success of the transition of the Malaysian economy is due, in no small measure, to the development and industrial plans introduced by the Federal Government since Independence, especially after 1970.A major thrust of these plans was to promote the growth of private investments, both local and foreign.
These plans combined with a politically stable environment, effective policy and implementation framework,... Read More