KUALA LUMPUR (Sept 24): The move by Tokyo Stock Exchange-listed Taiyo Yuden Co Ltd’s subsidiary Taiyo Yuden (Sarawak) Sdn Bhd to expand its multilayer ceramic capacitor manufacturing facility in Kuching is a testament to Malaysia being a preferred hub for global manufacturers. In a statement, he said the major investment bodes well for the National Investment Aspirations (NIA), which aim to ensure that Malaysia stays at the forefront as a global hub for quality investments. Mohamed Azmin said Taiyo Yuden’s expansion is the culmination of a series of active and substantive engagements which began during the trade and investment mission (TIM) to Japan in April 2021. Since 1980, Japan has been the largest foreign investor in terms of implemented projects in Malaysia, with total investments of RM91.4 billion. Going forward, Mohamed Azmin said Malaysia is confident that foreign direct investment (FDI) will continue to flow into the country in spite of the challenging global economic landscape as the government continues to implement initiatives to enhance the business environment and investors’ confidence.

Source: The Edge Markets September 24, 2021 04:18 UTC