KUALA LUMPUR: According to a statement by the Investment, Trade and Industry Ministry (Miti) on Tuesday (Dec 19), Malaysian trade and investment missions to Japan have resulted in RM29.6bil of potential investments and RM2.8bil potential exports this year. The most recent mission achieved RM6.6bill of potential foreign direct investment (FDI) and RM700mil of potential exports, while the first mission in June secured RM23bil potential investment and RM2.1bil potential exports. Both missions together have secured a total of RM29.6bil potential investment and RM2.8bil potential exports.
Miti’s agencies, the Malaysian Investment Development Authority (Mida) and the Malaysian External Trade Development Corporation (Matrade), facilitated the latest mission, which was held concurrently with the Asean-Japan Commemorative Summit. Malaysia’s delegation was led by Prime Minister Datuk Seri Anwar Ibrahim. A roundtable meeting was arranged between the Prime Minister and 25 Japanese industry leaders, as well as one-to-one meetings with companies like ROHM Wako, NEC Corporation, and Mitsui & Co Ltd.
Minister Tengku Datuk Seri Zafrul Tengku Abdul Aziz conducted one-to-one meetings with companies including Miyoshi Oil and Fat Co Ltd, Marubeni Corporation, Nichicon Corporation, and Itochu Corporation. Tengku Zafrul emphasized the strong, mutually beneficial relationship between Malaysia and Japan in trade and investments. He highlighted that many of the new investments are from target sectors such as renewable energy, electrical and electronics, chemicals, and the digital economy, in line with the New Industrial Master Plan’s mission and intended outcomes.
He also mentioned that the government is determined to ensure that these investments are realized quickly to bring about more opportunities for small and medium enterprises and better-paying jobs for Malaysians. Various investment approvals at Federal and state levels have been expedited through the Investment and Trade Action Coordination Committee, and the Investment Coordination Committee Meeting.
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