Malaysia offers incentives to attract investors, more strategic ones to be announced, says Muhyiddin Malaysia has received
Question:
Malaysia offers incentives to attract investors, more strategic ones to be announced, says Muhyiddin” Malaysia has received a total of RM109.8 billion in new investments in the economic sector, including manufacturing and services, for the first nine months of 2020. During the period, there were 2,935 projects involved, with 64,701 jobs created. To boost investment activity, several tax incentives under PENJANA has been announced including a 10–15-year tax exemption for new foreign direct investment in the manufacturing sector with capital investment of RM300 million or more.
“Malaysia has received a total of RM109.8 billion in new investments in the economic sector, including manufacturing and services”. Describe how investment is able to boost Malaysia’s economic growth?