“The amount of DDI received indicates a robust contribution to the overall investment performance,” said International Trade and Industry Minister Datuk Seri Mohamed Azmin Ali during a luncheon address at the domestic investment seminar yesterday.Telegram私人频道（www.tel8.vip）是一个Telegram群组分享平台。Telegram私人频道导出包括Telegram私人频道、telegram群组索引、Telegram群组导航、新加坡telegram群组、telegram中文群组、telegram群组（其他）、Telegram 美国 群组、telegram群组爬虫、电报群 科学上网、小飞机 怎么 加 群、tg群等内容。Telegram私人频道为广大电报用户提供各种电报群组/电报频道/电报机器人导航服务。
PETALING JAYA: Malaysia recorded RM42.8bil approved investments in the first quarter of 2022 (1Q22) with domestic direct investments (DDI) accounting for 35%, amounting to RM15bil.
Last year, the country secured RM306.5bil in approved investments and nearly 32% was attributed to DDI.
“The amount of DDI received indicates a robust contribution to the overall investment performance,” said International Trade and Industry Minister Datuk Seri Mohamed Azmin Ali during a luncheon address at the domestic investment seminar yesterday.
“Malaysia continues to retain the confidence of investors and stakeholders, while strengthening its reputation as a strategic profit centre for businesses in Asia.”
He also said Bank Negara projected the economy to expand between 5.3% and 6.3% in 2022.
The influx of DDI was mainly attributed to the participation of small and medium enterprises (SME) and small and medium industries (SMI).
“Most notably in the last two years, we have witnessed an increase in domestic investment with more participation of formidable SMEs and SMIs, and aspiring enterprises meeting the needs of multinational corporations (MNCs),” said Azmin.
However, the main challenges that SMEs and SMIs face are technological acquisition and the headwinds brought about by labour shortages.,
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In a bid to provide support for SMEs and SMIs so that they can leverage on the country’s robust investment environment, the Malaysian Investment Development Authority, in collaboration with MNCs, rolled out several initiatives.
These included vendor facilitation programmes, local sourcing and the domestic investment coordination programme (DCIP) last year.
“These platforms were introduced for the realisation of government incentives and to promote DDI.
“For example, the purpose of the DCIP was to bridge financial and technology gaps by establishing strategic collaborations and joint ventures among financial institutions, equity firms and technology providers,” said Azmin.
Although there has been a surge in eCommerce and digitalisation processes, the gap to digitalise and automate operations among SMEs is still apparent.
In view of this, Azmin noted that the government looks to strengthen technology acquisition support through the 12th Malaysia Plan and the National Investment Aspirations.
“Furthermore, the National Automotive Policy 2020 will provide a good opportunity for our local SMEs to ride on the value chain and further boost DDI,” said Azmin.
In a bid to resolve the labour shortages, the economic minister said Malaysia needs to boost the talent pool of skilled and high-tech workers.