KUALA LUMPUR, Oct 19 — The Ministry of Investment, Trade, and Industry (Miti) will continue facilitating the entry of investments to realise potential high-value projects.
Its minister, Tengku Datuk Seri Zafrul Abdul Aziz, said Miti, via the Malaysian Investment Development Authority (Mida), is always responsive in supporting potential investors in ensuring project approval can be facilitated.
In addition, the Project Implementation and Facilitation Office (Track) at Mida is also committed to ensuring the project implementation process runs smoothly, thus contributing to a prosperous, inclusive, and sustainable Malaysia.
The government has also made administrative reforms by establishing the Investment and Trade Coordination Action Committee (JTPPP) under Miti, which ensures that foreign and domestic direct investments and trade can be realised as soon as possible.
“As Minister of Miti, JTPPP will be chaired by myself. This committee also comprises representatives from the Finance Ministry, the Economy Ministry and Mida as permanent members.
"Other relevant ministries and agencies, including representatives of state governments, will be invited as required,” he said in a reply published on the Parliament's website today.
The progress status of investment projects signed during working visits abroad will be reported by JTPPP to the National Investment Council periodically and to the mass media accordingly.
Tengku Zafrul said the trade and investment mission to China from March 29 to April 3 this year is estimated to have achieved up to RM170 billion in potential investments.
— Bernama
