US investment flows to M’sia expected to rise

NEW YORK: Foreign investment from the United States is expected to increase in Malaysia as the US economic recovery further strengthens, says the Malaysia Investment Development Authority (Mida).

Analysing the trends emerging from investments by the US corporate sector in 2011, Mida New York director Arham Abdul Rahman said increased investments last year were also reflected in the number of investment applications received by the Mida headquarters until November 2011.

“The level of investment between January and November 2011 surpassed the corresponding period of 2010,” Rahman said, adding that Malaysia’s attractiveness as an investment destination had been further enhanced by the result-oriented Economic Transformation Programme.

“Malaysia received good ratings by a number of institutions, including the TE Kearney Foreign Direct Investment Index, which upgraded Malaysia from 21st to 10th ranking in terms of attractiveness as an investment destination.

“The Kearney FDI index study took into account the Malaysian government’s Economic Transformation Programme,” said Arham.

Malaysia’s rating was further bolstered by the World Bank 2011 report which raised Malaysia’s ranking to 18th from 23rd in 2010.

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Source: The Borneo Post

Published on: 10 February 2012