KUALA LUMPUR: Malaysia has huge potential to attract more investors to the country if it takes advantage of the shift in supply chains in Asia as multinational companies diversify their production hubs in the region.
Investment Trade and Industry Minister Tengku Datuk Seri Zafrul Tengku Abdul Aziz noted that various multinationals are now trying to shorten their value chains and diversify regional production sources as they build supply chain resilience.
Tengku Zafrul said this in his speech at the Global Halal Summit 2023 opening ceremony in conjunction with the Malaysia International Halal Showcase 2023 here today. "The transformation of the industry is important, among other things, to enhance productivity and the wages of workers. Further, with the increase in product complexity, our export sector will become more resilient to demand or supply shocks in the global market,” said Tengku Zafrul.
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Japanese monk rocker Kanho Yakushiji to perform in Kuala Lumpur next month (VIDEO)KUALA LUMPUR, Sept 12 — Embark on a soul-healing musical journey when you join Japanese Zen music master Kanho Yakushiji on his Blessing World Tour 2023 at Zepp KL on October...
Read more »
Malaysia tiada sasaran emas di Sukan Asia HangzhouBuat kali pertama dalam sejarah sukan tanah air, Kontinjen Malaysia ke Sukan Asia di Hangzhou, China tidak meletakkan jumlah spesifik.
Read more »
Malaysia is latest in Asia to tighten grip on key mineralsNEW YORK, Sept 12 — Malaysia will develop a policy to ban exports of rare earth raw materials to “avoid exploitation and loss of resources”, its prime minister said on...
Read more »
Malaysia boleh tarik lebih ramai pelabur susulan peralihan rantaian bekalan di AsiaKUALA LUMPUR: Malaysia mempunyai potensi yang amat besar untuk menarik lebih ramai pelabur sekiranya negara ini memanfaatkan peralihan dalam rantaian ...
Read more »
Cradle, Bursa Malaysia collaborate to facilitate listing of local startups on Bursa MalaysiaCradle, Bursa Malaysia Berhad collaborate to boost startup awareness of M’sian funding, including equity market
Read more »
Asia Gas Hub’s digital gas marketplace to work hand in hand with NETR, position Malaysia as regional gas hubKUALA LUMPUR, Sept 12 — Energy market solutions provider Asia Gas Hub’s (AGH) digitised gas trading platform for regional stakeholders, the Malaysia Gas Xchange (MGX),...
Read more »