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||9 December 2009
Japan`s investment in Malaysia reaches $1.87bn in Jan-Sept
Japan's investment in Malaysia between January and September this year surged to $1.87 billion involving 45 approved projects as compared with US$1.6 billion total investment in 2008 with 60 approved projects, reported Antara news agency.
This makes Japan the largest foreign investor in Malaysia, surpassing the total approved amount for the whole of last year, said Deputy Prime Minister Muhyiddin Yassin.
To date, there were 2,260 projects with Japanese participation being implemented in the manufacturing sector in Malaysia, with investments worth $14.9 billion, he told a meeting between him and captains of industries and businesses here Monday.
Muhyiddin is in Japan leading a four-day specific trade and investment mission beginning Monday.
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