Malaysia has set up a panel to fast-track investments as it seeks to woo businesses affected by the U.S.-China trade dispute and it approved more than $500 million in new proposals this month, a government minister said. An increasing number of U.S. and Chinese businesses have been moving manufacturing out of China to escape tit-for-tat tariffs imposed on each other’s products. Malaysia’s new National Committee on Investment I (NCII) aims to encourage investment in Southeast Asia’s third-biggest economy and it approved investments worth 2.2 billion ringgit ($526 million) in its first meeting, the minister said.

source https://finance.yahoo.com/news/malaysia-fast-tracks-investments-win-101212294.html?.tsrc=rss