Syncing of agencies crucial in FDI, DDI pull

WITH the various investment “corridors” in Malaysia having had varying degrees of success, it is of utmost importance that the country embarks on a nationwide consolidation and streamlining exercise of its investment promotion agencies (IPAs) to better attract and keep foreign and domestic investments under its New Investment Policy (NIP), according to a government source.

Malaysia has in total 31 IPAs, including the Malaysian Investment Development Authority (Mida) and federal location agencies such as InvestKL, state location agencies and federal sector agencies, that are looking to secure investments.