Kuala Lumpur (VNA), Feb. 29 -- The Ministry of Investment, Trade and Industry (MITI) of Malaysia has announced that the country will speed up the implementation of approved investments to generate positive economic spillovers to domestic small and medium enterprises (SMEs) and the creation of 127,000 job opportunities for the people.
MITI and the Malaysian Investment Development Authority (MIDA) are working hard to fully realise the approved investments for 2023, which was 329.5 billion RM (69 billion USD), a 23% increase compared to 2022, local media reported.
Of the total, foreign investment (FDI) was the main contributor, at 57.2% compared to domestic investment (DDI) at 42.8%.
MITI affirmed that the 35.1% increase in DDI also reflect...