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Malaysia sees trade boom buoyed by domestic, foreign investments


InvestmentsMalaysia has seen a substantial increase in trade due to both domestic and foreign direct investments, highlighted Investment, Trade and Industry Minister Tengku Datuk Seri Zafrul Abdul Aziz. The boost has been attributed not only to the Comprehensive and Progressive Agreement for Trans-Pacific Partnership but also other multilateral agreements, free trade agreements, and the Regional Comprehensive Economic Partnership Agreement. The country has seen committed investments from four nations totaling USD49bn, with Q1 approved investments skyrocketing by 60% YoY to RM71.4bn. Over 1,200 projects are represented in these figures, expected to create 24,000 jobs. However, Minister Zafrul emphasized the need to address the perceived slow pace of business approvals.

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