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Malaysia remains an attractive investment destination - according to the ASEAN Business Advisory Council (ASEAN-BAC) consultation meeting in Malaysia with business associations representing U.S. businesses to discuss Malaysia’s efforts in attracting foreign direct investment (FDI) from the United States and its business communities.
In other news, United States ambassador to Malaysia Brian D. McFeeters said Malaysia has long been and continues to be a key trading partner with the United States. U.S. companies consistently rank among the largest employers in states like Penang, and most U.S. company subsidiaries are managed by Malaysians and employ over 90% Malaysian employees.
In the manufacturing sector, the United States is second only to Japan in investments, at nearly US$25 billion, including from high-tech companies such as Intel, First Solar, and Hewlett Packard.
The continuation of a solid and collaborative relationship between the United States and Malaysia and the enhancement of consultative policy mechanisms will strengthen the business climate, enabling Malaysia to attract U.S. economic and commercial activity.
As investment intentions remain healthy and foreign investors’ confidence in Malaysia remains high
Malaysia is the fourth-largest economy in ASEAN, strategically positioned in the heart of Southeast Asia, where it is well serviced by all primary air and shipping lines.
The country was ranked the second most competitive country in ASEAN in the IMD’s World Competitiveness Yearbook 2021. The government has also made impressive achievements amidst these challenging times, as seen by its over 200% increase in FDI inflows in the first half of 2021.
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