AS the first quarter of 2022 comes to an end, Malaysia is about to see the opening of its borders come April 1, as we begin transitioning into the endemic phase.
With most of the standard operating procedures (SOPs) greatly loosened, most businesses, except nightclubs and pubs, have resumed normal business operations. Things are looking up, as the Malaysian Investment Development Authority said in early March that the foreign direct investment (FDI) net inflow in 2021 was RM54.9bil, far exceeding 2020’s RM14.63bil and better than 2016’s RM47.02bil.
Among the FDI, the newly approved investment capital of RM30.65bil was mainly from the electrical and electronics (E&E) industry. In January 2022, Malaysia’s foreign trade volume reached RM203.05bil, a 24.8% year-on-year increase, while the trade surplus was RM18.4bil, an increase of 10.9%.