Japanese Companies to Invest $6.33 Billion in Malaysia, Strengthening Bilateral Ties
Malaysian Prime Minister Anwar Ibrahim announces a significant $6.33 billion investment from Japanese firms in Malaysia.
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Japanese companies are set to inject $6.33 billion into Malaysia this year, as announced by Malaysian Prime Minister Anwar Ibrahim on Sunday. Anwar expressed his enthusiasm about the substantial commitment of foreign direct investment from Japan, surpassing RM30 billion. This significant development was revealed during the signing of a memorandum of cooperation between Malaysia's Investment, Trade, and Industry Ministry and Japan's Internal Affairs and Communications Ministry, in the presence of Japan's Prime Minister, Fumio Kishida.
In addition to this investment, the two nations also reached an agreement to establish a branch campus of Japan's Tsukuba University in Malaysia. Prime Minister Kishida emphasized Tokyo's commitment to enhancing collaboration with Kuala Lumpur across various sectors, including defense, security, energy exchange, human resources development, and environmental conservation. Joint coast guard exercises and energy cooperation are among the initiatives to strengthen their partnership.
Furthermore, the forthcoming Tsukuba University branch campus in Malaysia, scheduled to open in September next year, will play a vital role in nurturing human resources. The meeting between Anwar and Kishida, during which they discussed strengthening bilateral ties, coincided with the 50th anniversary of cooperation and friendship between Japan and ASEAN, a collective of 10 Southeast Asian nations.
Kishida's visit to Kuala Lumpur marked his first official trip to Malaysia since taking office in 2021. This deepens the historical ties between Japan and Malaysia, with Japan holding the position of Malaysia's fourth-largest trade partner since 2016.
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