Reklam
Reklam
Reklam
Reklam
Reklam

Penang manufacturing could benefit from US-China trade war

MALAYSIA's manufacturing industry stands to benefit from the Sino-American trade war, with companies like Motorola Solutions Malaysia, having decided to shift from Tianjin to Penang

Penang manufacturing could benefit from US-China trade war

MALAYSIA's manufacturing industry stands to benefit from the Sino-American trade war, with companies like Motorola Solutions Malaysia, having decided to shift from Tianjin to Penang

21 June 2019 - 19:00

MALAYSIA's manufacturing industry stands to benefit from the Sino-American trade war, with companies like Motorola Solutions Malaysia, having decided to shift from Tianjin to Penang.

The company's deputy managing director John Andersen said this would result in more products being manufactured in Penang.



'Regardless of the trade war, the manufacturing process can quickly be shifted and Penang has been identified for it. The shift process is taking place as we speak,' Mr Andersen said.



Prime Minister Mahathir Mohamad said Malaysia was likely to benefit from the trade war in terms of attracting foreign investors, reported the New Straits Times.



Recently, the Malaysian Investment Development Authority (Mida) revealed that foreign direct investment (FDI) in Malaysia across all sectors rose 73.4 per cent year on year.


WORLD SHIPPING

This news 226 hits received.