Thailand seeks more halal investments in Malaysia

 

 

Thailand's investment in Malaysia is expected to increase further based on the keen interest shown by its firms, in particularly the halal sector, International Trade and Industry Minister Mustapa Mohamed said.

 

Mustapa said representatives from 15 halal firms from Thailand will be visiting Malaysia in the next two weeks, seeking to leverage on Malaysian expertise in the industry.

 

"At this time, Malaysian investment in Thailand is more compared to Thai investment in Malaysia. So we want to step up relations to get more investments from Thailand," he said.

 

He said that investment by Malaysian companies in Thailand totalled about MYR3 billion (US$918.1 million) while those from Thailand had invested MYR1 billion in Malaysia so far.

 

The minister also added that Malaysia could benefit from Thailand's expertise, especially in the halal industry.

 

Other sectors included agriculture, automotive, tourism and biofuel, he said.