Author: Daud Ishak

ABOUT 70% of foreign direct investment (FDI) Johor has received in the manufacturing sector is from Singapore, says state investment, trade and consumer affairs committee chairman Lee Ting Han. Speaking during the state assembly sitting in Kota Iskandar, he said a large part of this was because of the Johor Economic, Trade and Cultural Office’s (Jetco) success in engaging with various agencies in Singapore to attract more investors into the state. The foreign injection was also aided by Malaysian Investment Development Board (Mida) and Invest Johor, he said. “As at June, FDI for the manufacturing sector was RM5.65bil, where about…