Private Investments Poised To Breach 2011 Target

PUTRAJAYA: International Trade and Industry Minister Datuk Seri Mustapa Mohamed said private investments for this year were expected to surpass last year's target of RM83bil.

Mustapa said “the main drivers of growth this year would be direct investments and consumption” despite challenges due to the global financial situation.

Between January and September last year, RM75bil worth of private investments were realised. The Government expects to report a final figure of about RM90bil for 2011.

This year, Malaysia would focus on the manufacturing, services and primary sectors, Mustapa said after chairing the National Investment committee meeting yesterday.

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Source: The Star, Malaysia

By Wong Wei-Shen

Published on: 17 January 2012.