Malaysia is targeting to achieve RM 200 billion of approved investments for 2018 in the manufacturing, services and primary sectors.
Malaysian Investment Development Authority (MIDA) revealed projects with investments totalling at RM 69.6 billion already in the pipeline by January 31 coming from manufacturing and manufacturing related services projects.
Despite weak consumer sentiment, disruption in e-commerce and the opening of more new malls in Klang Valley, Sunway Pyramid registered a growth of 5 per cent year-on-year (Y-O-Y) in car count, its highest traffic arrival in its 20 years of operation in 2017.
The mall has approximately 10,000 parking bays integrated with Sunway Resort Hotel and Spa, Sunway Pinnacle and other Sunway business units nearby.
Petroliam Nasional Bhd (Petronas) saw its net profit jumped for its financial year ended December 31, 2017 by 91 per cent at RM45.5 billion, compared to RM23.8 billion recorded in 2016.
The increase was achieved on the back of higher revenue, lower net impairment on assets and well costs and continuous efforts to optimise costs in 2017.