Fahmi: Malaysia secures RM5.2b investment commitments from China, Singapore

 

Malaysia has secured RM5.2 billion worth of investment commitments in the digital economy sector from China and Singapore, Communications and Digital Minister Fahmi Fadzil said.

In a post on Facebook, he said the RM3 billion worth of investment was obtained from China and RM2.2 billion from Singapore.

“I would like to announce some good news. Malaysia has secured investment commitments totalling RM5.2 billion from China and Singapore,” he said.

Fahmi said the investments in the digital economy sector brought in by the ministry in the first half of this year was RM28.4 billion, compared to RM7.5 billion in the corresponding period in 2022.

“This shows an increase of 279 percent compared to the same period last year. Insya-Allah, Malaysia is on the right track!” he said.

- Bernama