Latest news with #RM675
Business Times
5 hours ago
- Business
- Business Times
French companies seek to invest RM4 billion in Malaysia
[KUALA LUMPUR] Several French companies seek to invest a total of RM4 billion (S$1.2 billion) in Malaysia after a trade delegation led by Prime Minister Anwar Ibrahim met with 40 industry representatives in France on Jul 4, according to Malaysia's Ministry of Investment, Trade and Industry. The companies intend to invest in industries including high-tech manufacturing, aerospace, renewable energy, tourism, digital economy and sustainable infrastructure, the ministry said in a statement on Sunday (Jul 6). Malaysia sees potential exports of RM675 million for the aerospace, automotive, renewable energy, pharmaceuticals, digital economy, lifestyle and halal industries. After visiting France, Anwar has headed to Rio de Janeiro to attend the Brics summit. He will meet with Indian Prime Minister Narendra Modi on the sidelines of the meeting on Sunday, Malaysia's Bernama news agency reported. BLOOMBERG
The Sun
14 hours ago
- Business
- The Sun
Malaysia secures RM4.675 bil in exports, investments from France trade mission
KUALA LUMPUR: Malaysia has secured RM4.675 billion in potential investments and exports following a high-profile trade mission to France led by Prime Minister Datuk Seri Anwar Ibrahim. The delegation, which included key ministers and industry representatives, engaged with 40 French companies, resulting in commitments across high-growth sectors. The Investment, Trade and Industry Ministry (MITI) confirmed RM4 billion in potential investments, focusing on high-tech manufacturing, aerospace, renewable energy, and digital economy. Meanwhile, RM675 million in potential exports was identified for aerospace, automotive, pharmaceuticals, and halal industries. These sectors align with Malaysia's New Industrial Master Plan 2030 (NIMP 2030) and Green Investment Strategy. MITI highlighted Malaysia's competitive advantages, including a stable investment ecosystem, skilled workforce, and investor-friendly policies, as key drivers for continued foreign interest. Tengku Datuk Seri Zafrul Abdul Aziz, MITI Minister, noted that the mission's success reinforces global confidence in Malaysia's economic potential. The delegation also included officials from MIDA and MATRADE, ensuring comprehensive trade and investment discussions. The outcomes are expected to create business opportunities for local SMEs and high-paying jobs, supporting the MADANI economic agenda. Anwar's working visit, spanning Italy, France, and Brazil until July 8, underscores Malaysia's commitment to strengthening international trade ties. The delegation included ministers from foreign affairs, transport, defence, agriculture, and energy sectors, reflecting a whole-of-government approach to economic diplomacy. - Bernama
Malaysiakini
15 hours ago
- Business
- Malaysiakini
RM4.6b potential exports, invesments recorded from France trip
Malaysia recorded RM4 billion in potential investments and RM675 million in potential exports from the trade and investment mission led by Prime Minister Anwar Ibrahim to France on July 4. In a statement today, the Investment, Trade, and Industry Ministry (Miti) said Anwar met 40 representatives from France's industrial sector. It added that several companies expressed intention to...
Barnama
15 hours ago
- Business
- Barnama
Malaysia Yields RM4.675 Bln In Potential Exports, Investments From French Trade Mission
BUSINESS KUALA LUMPUR, July 6 (Bernama) -- Malaysia has successfully yielded RM4 billion in potential investments and RM675 million in potential exports in the trade and investment mission led by Prime Minister Datuk Seri Anwar Ibrahim to France on July 4, 2025. In a statement today, the Investment, Trade and Industry Ministry (MITI) said Anwar met 40 representatives from France's industrial sector, with several companies expressing intention to invest in high-tech manufacturing, aerospace, renewable energy, tourism and hospitality, digital economy and sustainable infrastructure. 'As for potential exports, RM675 million was generated for high-impact sectors such as aerospace, automotive, renewable energy, pharmaceuticals, digital economy, lifestyle and halal industries. 'These are sectors targeted under the New Industrial Master Plan 2030 (NIMP 2030) and the Green Investment Strategy,' it said. MITI said companies also shared their intention to continue investing in Malaysia, driven by key factors such as a conducive, stable and dynamic investment ecosystem; encouraging global demand for Malaysian-made products; efficient domestic supply chains; a highly skilled workforce; and investor-friendly government policies. The mission delegation also included MITI Minister Tengku Datuk Seri Zafrul Abdul Aziz and representatives from Malaysian Investment Development Authority (MIDA) and Malaysia External Trade Development Corporation (MATRADE). Tengku Zafrul said the mission's overall success reflected foreign companies' continued confidence in Malaysia's investor-friendly policies, supply chain ecosystem, competitiveness and economic growth potential. 'The investment and trade potential to be realised will also provide business opportunities for local companies, including small and medium enterprises, and more high-paying jobs for Malaysians. 'All these are key in driving our MADANI economic transformation agenda,' he said.
New Straits Times
16 hours ago
- Business
- New Straits Times
RM4bil investment, RM675mil export potentials secured in Anwar-led mission to France
KUALA LUMPUR: Malaysia has secured RM4 billion in potential investments and RM675 million in prospective exports from a high-level trade and investment mission to France, according to the Investment, Trade and Industry Ministry (Miti). Led by Prime Minister Datuk Seri Anwar Ibrahim, the mission took place on July 4 and involved engagements with 40 French industry leaders. Several companies expressed interest in investing in Malaysia across key sectors such as high-tech manufacturing, aerospace, renewable energy, tourism, digital economy and sustainable infrastructure. The mission was part of Anwar's eight-day official working visit to Italy, France and Brazil, which ends on July 8. He was accompanied by Miti Minister Tengku Datuk Seri Zafrul Aziz and officials from the Malaysian Investment Development Authority (Mida) and the Malaysia External Trade Development Corporation (Matrade). Potential exports worth RM675 million were also recorded in high-impact sectors, including aerospace, automotive, renewable energy, pharmaceuticals, digital economy, lifestyle and halal products. These sectors align with Malaysia's New Industrial Master Plan 2030 and Green Investment Strategy. Tengku Zafrul said the mission's outcomes reflected foreign investors' confidence in Malaysia's economic direction and business environment. "The overall success of this mission reflects many foreign companies' continued confidence in Malaysia's investor-friendly policies, supply chain ecosystem, competitiveness and economic growth potential," he said in a statement. "The investment and trade potential to be realised will also provide business opportunities for local companies, including Small and Medium Enterprises, and more high-paying jobs for Malaysians. All these are key in driving our Madani economic transformation agenda." Miti said French companies were particularly drawn to Malaysia's stable and dynamic investment climate, skilled workforce, efficient supply chains, and strong global demand for its products. The mission was also supported by several cabinet ministers, including those in charge of foreign affairs, transport, defence, agriculture, legal reform, and energy transition and water transformation.
