© Reuters. FILE PHOTO: Prime Minister of Malaysia Anwar Ibrahim attends the Asia-Pacific Financial Cooperation (APEC) CEO Summit in San Francisco, California, U.S., November 15, 2023. REUTERS/Carlos Barria/File Photograph
KUALA LUMPUR (Reuters) – Malaysia is anticipating Australian firms to speculate as much as 24.5 billion ringgit ($5.17 billion) within the nation, state information company Bernama reported on Wednesday, citing Prime Minister Anwar Ibrahim.
Australian information centre operators AirTrunk and NextDC are planning to spend about 11 billion ringgit and 3 billion ringgit respectively, whereas miner Lynas Uncommon Earths was eager to increase its investments in Malaysia, Anwar instructed reporters throughout his go to to Australia this week, in keeping with Bernama. No timeframe for the investments was given.
The potential investments would create jobs for about 1,200 expert employees in Malaysia, Anwar was quoted as saying.
Individually, Malaysia’s Worldwide Commerce and Business Minister Tengku Zafrul Aziz instructed broadcaster CNBC authorities officers had met with 20 Australian firms through the journey, with eight corporations committing investments of about A$5.2 billion ($3.38 billion) to date.
($1 = 4.7370 ringgit)
($1 = 1.5366 Australian {dollars})