PETALING JAYA: A total of four multinational companies, with an overall investment of RM7bil, have shut down operations here from January to June this year, the Dewan Rakyat was told Tuesday .
“But, their factory operations in Johor will resume. The overall investment for these four companies is RM7bil,” the ministry said in a written Parliament reply dated July 1 . “Goodyear, which is based in Akron, Ohio, in the United States, aims to reduce costs at a significant rate by 2025, of which the closure of the Shah Alam factory is part of the company’s global operating cost reduction measures.At the same time, RM194.9bil of approved investments were recorded for the manufacturing sector under the purview of the ministry and the Malaysian Investment Development Authority .“Of that amount, foreign investments contributed as much as RM166.6bil or 85.
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