Focus

MITI will continue to strengthen country's competitiveness - Azmin

04 Sep 2022 02:48pm
Azmin Ali said the ministry will also enhance inclusivity through the creation of high-income jobs. - Photo: Sinar archive
Azmin Ali said the ministry will also enhance inclusivity through the creation of high-income jobs. - Photo: Sinar archive
KUALA LUMPUR - The Ministry of International Trade and Industry (MITI) will continue to strengthen the country’s competitiveness by developing economic complexity, and nurturing a strong industrial ecosystem with innovation intensity to further boost the country's positive trade performance.

Senior Minister and MITI Minister Datuk Seri Mohamed Azmin Ali said the ministry will also enhance inclusivity through the creation of high-income jobs and promoting opportunities to participate in the regional and global supply chains.

"Malaysia is on the right trajectory to secure more high-quality, high impact and capital-intensive projects, with the services sector being the key growth driver for the economy and the largest contributor for approved investments for the first half of this year (1H2022)," he said in his Twitter post today.

On Friday, the Malaysian Investment Development Authority (MIDA) announced that Malaysia has attracted RM123.3 billion (US$28.0 billion) worth of approved investments in the manufacturing, services and primary sectors in 1H2022, involving 1,714 projects which are expected to create 57,771 jobs.

In a statement, MIDA said foreign direct investments remained as a major contributor to the investment inflows at 70.9 per cent or RM87.4 billion (US$19.9 billion), while investments from domestic sources contributed 29.1 per cent or RM35.9 billion (US$8.2 billion). - BERNAMA
Related Articles:


MITI
azmin ali
competitiveness
MIDA
trade
More Like This
A widower became the first man to receive six public lashes, carried out at Masjid Al-Muktafi Billah Shah on Friday. - Photo by Bernama.
A widower became the first man to receive six public lashes, carried out at Masjid Al-Muktafi Billah Shah on Friday. - Photo by Bernama.
National Widower receives six lashes for repeated khalwat offences in Terengganu
By NURFARDLINA IZZATI MOKTAR
27 Dec 2024 05:33pm
Over 100 witness public lashing for khalwat in Terengganu mosque
TNB chief financial officer Datuk Nazmi Othman after a media briefing on the implementation of the Fourth Regulatory Period at the Leo Moggie Convention Centre, TNB Platinum in Bangsar, today. - Photo by Bernama
TNB chief financial officer Datuk Nazmi Othman after a media briefing on the implementation of the Fourth Regulatory Period at the Leo Moggie Convention Centre, TNB Platinum in Bangsar, today. - Photo by Bernama
National TNB assures no electricity tariff hike
TNB chief financial officer said this decision is in line with the government’s resolution on Dec 20 to maintain electricity tariffs for the period from Jan 1 to June 30, 2025.
Housing and Local Government Minister Nga Kor Ming delivering his speech at the Sentuhan KPKT 2024 programme, today. - Photo by Bernama
Housing and Local Government Minister Nga Kor Ming delivering his speech at the Sentuhan KPKT 2024 programme, today. - Photo by Bernama
National Housing and Local Government Ministry Christmas celebration involve mostly non-Muslims
Its minister said the Madani government has always been celebrating diversity while fostering the spirit of goodwill in line with the aspirations of Madani which emphasises community harmony, unity and stability as the three keys of the nation’s success.
Prime Minister Datuk Seri Anwar Ibrahim - Photo by Bernama
Prime Minister Datuk Seri Anwar Ibrahim - Photo by Bernama
National Government does not allow electricity tariff hikes that impact public - Anwar
"Although costs are rising, they must not affect the position of the majority of the people. This is a matter of policy," he said.