UOB Malaysia expects investments to regain momentum next year | Malay Mail

Total approved investments in the primary, manufacturing and services sectors stood at RM64.8 billion in first half of 2020 — 38.4 per cent year-on-year lower due to the Covid-19 outbreak. — Ahmad Zamzahuri

The bank said this would be driven by the government’s focus on reviving the investment climate and the Malaysian Investment Development Authority’s ongoing efforts to lure and expedite investment approval process, as well as business opportunities emerging from a post-pandemic new normal and gradual economic recovery.

As of July 2020, Mida has a total of 732 projects with proposed investments of RM35.9 billion in the pipeline for the manufacturing, services and primary sectors, and the actualisation of these investment approvals could help jump-start private investments in 2021-2022, said UOB Malaysia. Meanwhile, total approved investments in the primary, manufacturing and services sectors stood at RM64.8 billion in first half of 2020 — 38.4 per cent year-on-year lower due to the Covid-19 outbreak.

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