Malaysia secures RM2.8b in potential investments from Japan, S. Korea

23 Oct 2018 / 20:46 H.

KUALA LUMPUR: Malaysia has secured potential investments worth a total of RM2.84 billion from Japan and South Korea, according to International Trade and Industry Minister Datuk Darell Leiking.
He said this was following the ministry's trade and investment missions to the two countries between Oct 14 and 21, utilising the 'Search, Seek and Secure' or 3S method.
"Our mission has succeeded in securing a potential investment of RM2.13 billion from Japan, particularly in the industry of petrochemical, logistic, medical, electric and electronic appliances, and home furniture.
"We also secured RM33 million worth of potential import with a company from Osaka," he told the Dewan Rakyat, here today.
"As for our mission to South Korea, we secured RM711.4 million of potential investment, focused on the sectors of chemical, electric and electronic materials. Potential of sales is about RM1 billion," he added.
Leiking said the trade missions involved a total of 91 people, including representatives from the ministry, the board of Malaysia External Trade Development Corporation (Matrade) and Malaysian Investment Development Authority (Mida), as well as excos from several states.
He said the missions would also continue next year and that the country would focus on other major trade and strategic partners, including countries from the Asean region, US, China, European Union nations, India and Saudi Arabia.
He was responding to a question by Chan Foong Hin (PH-Kota Kinabalu) on the outcome of Malaysia's recent trade missions and its future plans.

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