Total manufacturing approvals amounted to RM5.2bn in 1Q10, involving 170 projects approved by the MIDA, Minister of International Trade and Industry, Datuk Seri Mustapa Mohamed said. From the amount, RM3.2bn came from foreign direct investments (FDIs) while RM2.0bn from domestic investments. (Bernama)
Total manufacturing approvals dropped 35.0% yoy in 1Q10 (+11.5% in 4Q09) when compared to RM8.0bn in 1Q09, reflecting declines in both domestic (-53.5% yoy) and foreign investment approval (13.5% yoy). On a q-o-q comparison, manufacturing approvals declined by 56.3% in 1Q10.
A nationwide initiative to “Malaysianise” computer software used in the information technology sectors in the country has been rolled out. Culture, Communications and Multimedia Minister Datuk Seri Utama Dr Rais Yatim said his ministry had set up a RM200m fund to finance the software “Malaysianisation initiative”. (The Star)
Malaysia and Qatar will sign a memorandum of understanding tomorrow to explore deals worth up to US$5bn in fields including energy, and Islamic finance, a source said. Qatarbased Gulf Petroleum Ltd said in 2008 that it would lead a consortium of Gulf banking and energy firms to build a US$5bn oil-and-gas complex in Malaysia. (StarBiz)
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