China paper manufacturer committed to increase investment by RM5.4b in M'sia - PM

China’s Nine Dragons Paper (Holdings) Limited, the largest paper and paperboard manufacturer in Asia, is committed to increasing its investment by RM5.4 billion in Malaysia, said Prime Minister Muhyiddin Yassin.

He said the increase in investment by the group clearly reflected the confidence of foreign investors to continue making Malaysia their destination of choice.

“The government is very 'pro-business' and always welcomes the entry of new investments into the country, and is ready to offer various incentives to encourage more foreign investment into Malaysia...